Carrefour Shares End Higher Despite Downward Revised Targets

Adjustments by Investment Banks

Early this week, two investment houses adjusted their targets on the distribution group. On January 23, Goldman Sachs lowered its target from 16 euros to 15 euros, while maintaining a neutral recommendation on the stock. The day before, Barclays also made a moderate adjustment, reducing its target from 15.75 euros to 15.40 euros, but reaffirmed its overweight rating. These new targets suggest a potential upside of between 7.6% and 10.6% from the current price. Analysts thus acknowledge the possibility of stock progression, although their expectations have been slightly revised downward due to challenges in the retail sector.

Technical Analysis Overview

From a technical standpoint, the French retailer is slightly below its 20-day moving average, which stands at 14.03 euros, indicating short-term investor caution. The 14-day Relative Strength Index is at 34, placing the indicator in a low zone and suggesting that the stock is not in an overbought condition. This technical setup occurs as the one-month volatility is recorded at 4.60, reflecting moderate fluctuations. Nonetheless, the stock has maintained a favorable momentum over several weeks, with a 1.61% increase over seven days. Investors are now looking forward to the 2025 annual results, scheduled for release on February 17, to gain a clearer understanding of the group's operational trajectory in a competitive environment.