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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Casino Guichard-Perrachon    CO   FR0000125585

CASINO GUICHARD-PERRACHON

(CO)
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Casino Guichard : BofA-ML downbeat on UK retailers, prefer European peers

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01/09/2017 | 04:12am EDT
Shoppers carry bags on Oxford Street in London

LONDON (Reuters) - The return of "stark" inflation and the difficulties for retailers in passing higher costs through to customers point to a tough 2017 for UK grocers and supermarkets, Bank of America Merrill Lynch analysts said, adding they prefer peers listed in continental Europe.

The lack of further deterioration in the outlook for Europe's economy and improving consumer confidence are likely to benefit listed food retailers while those focused on the U.S. and emerging markets will see growth, BoFA-ML said.

Broadly, higher commodity prices are contributing to returning expectations of food price inflation.

That is bad news for the UK supermarket sector which will likely grapple with a slowing economy pushing customers towards cheaper offerings or discounts, the broker said in a note to clients.

BofA-ML analysts upgraded France's Casino (>> Casino Guichard) to "Buy" and downgraded WM Morrison (>> WM Morrison Supermarkets PLC) to "underperform".

Casino shares rose more than 4 percent in early trading.

UK supermarkets are poised to report holiday season trading updates this week.

(Reporting by Vikram Subhedar, editing by Kit Rees)

Stocks mentioned in the article
ChangeLast1st jan.
CASINO GUICHARD-PERRACHON -0.96% 33.88 Real-time Quote.-18.75%
NEXT -4.29% 4864 Delayed Quote.-30.69%
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Financials
Sales 2020 - - -
Net income 2020 227 M 253 M 253 M
Net Debt 2020 4 242 M 4 711 M 4 711 M
P/E ratio 2020 18,4x
Yield 2020 1,68%
Capitalization 3 645 M 4 053 M 4 049 M
EV / Sales 2019
EV / Sales 2020 -
Nbr of Employees 209 696
Free-Float 38,4%
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Casino Guichard-Perrachon Technical Analysis Chart | CO | FR0000125585 | MarketScreener
Technical analysis trends CASINO GUICHARD-PERRACHON
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 36,24 €
Last Close Price 33,88 €
Spread / Highest target 45,5%
Spread / Average Target 6,96%
Spread / Lowest Target -41,0%
EPS Revisions
Managers
NameTitle
Jean-Charles Henri Naouri Chairman & Chief Executive Officer
Julien Lagubeau Chief Operating Officer
David Lubek Chef Financial Officer
Julia Perroni Deputy Director-Finance
Gilles Pinoncély Non-Independent Director
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