Carrefour Drops 1.25% at Close Amid Course Target Revision

Stock Performance Details

The retailer's stock closed on Friday at €13.79, down 1.25% from the previous day, amidst trading representing 0.28% of the capital. This correction follows a negative weekly dynamic with a decline of 4.04% over seven days, partially erasing the gains made over three months, which remain positive at 4.75%. Over a year, the performance is slightly negative at -1.18%, indicating a bumpy trajectory for the distribution giant's stock. Technically, the price is now dangerously close to its key support threshold at €13.43, a strategic level that could mark a turning point if breached. The stock is slightly above its 50-day moving average positioned at €13.67, signaling a short-term trend that remains fragile. The Relative Strength Index is at 45, indicating a neutral zone without overbought or oversold signals, but the proximity of the technical support calls for caution.

Analysts' Mixed Views and Strategic Moves

Citi lowered its course target for Carrefour to €18 from €19 on Wednesday, January 14, while maintaining a buy recommendation. This revision occurs in an environment where analysts have mixed views on the stock. JP Morgan has maintained an underweight recommendation with a price target of €10 since December, well below the current price, while Alphavalue downgraded its advice from buy to accumulate on December 8. Nonetheless, the retailer continues its strategic transformation with the announcement on January 11 of its integration into Google's Universal Commerce Protocol, an open standard designed to streamline online purchases through agent-based artificial intelligence. This technological advancement will allow customers to make purchases directly from Google Search and the Gemini app, marking a major step in the group's digitalization. Internationally, Carrefour signed a franchise partnership in Ethiopia with Queens Supermarket at the beginning of January, aiming to open 17 additional stores by 2028, thus consolidating its expansion into new territories.