Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Carrefour
  6. News
  7. Summary
    CA   FR0000120172

CARREFOUR

(CA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Barclays sees Carrefour-Casino merger as possible, pushing up Casino shares

07/16/2019 | 07:21am EDT
The logo

PARIS (Reuters) - Shares in French retailer Casino rose around 2% on Tuesday after Barclays said in a note that a tie-up with larger rival Carrefour could be a possibility "given the difficulties encountered by Casino's majority shareholder."

"Such a combination looks potentially interesting as the new entity would become leader in France and Brazil and would be able to benefit from significant synergies," wrote Barclays.

Barclays said it was difficult to ascribe a particular percentage likelihood to this merger happening, but it estimated potential savings at 0.9% of sales of the combined group, or total gross synergies of around 1 billion euros (£903.25 million).

Last year, Carrefour and Casino were locked in a dispute after Casino said it had rejected a tie-up approach from Carrefour, that Carrefour denied making.

Since then, Casino's parent Rallye has filed for protection from creditors.

"We also note that Carrefour CEO has publicly called for consolidation in the sector", Barclays added.

In June, Carrefour CEO Alexandre Bompard said the retail sector was bound to consolidate in the coming years, notably in France as competition intensifies. He added that his mission was to make sure his company emerged as a winner.

Bompard declined to take questions about the possibility of a merger with Casino, when asked about it at a business conference in Aix-en-Provence, southern France, earlier this month.

Barclays has an "equal weight" rating on Carrefour and an "underweight" rating on Casino.

(Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta)


© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS PLC -3.73% 172.531 Delayed Quote.21.91%
CARREFOUR -1.47% 16.755 Real-time Quote.21.20%
CASINO, GUICHARD-PERRACHON -1.74% 26.49 Real-time Quote.6.95%
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO 0.00%End-of-day quote.0.00%
EURO / BRAZILIAN REAL (EUR/BRL) 0.17% 5.9965 Delayed Quote.-4.47%
FNAC DARTY -2.71% 53.95 Real-time Quote.5.12%
FONCIÈRE EURIS 0.89% 11.4 Real-time Quote.29.89%
NEXT PLC -2.92% 7722 Delayed Quote.12.25%
RALLYE -1.75% 6.73 Real-time Quote.18.51%
All news about CARREFOUR
06/16CRITEO S A  : Signs 3-Year Partnership With Carrefour for Retail Media Platform
MT
06/16INTERTEK  : Lundin sells 'carbon neutral' oil to South Korea's GS Caltex
RE
06/07GLOBAL MARKETS LIVE : Toshiba, Facebook, AT&T, Tesla, Blackstone...
06/07Supermarket groups Carrefour and Tesco to end purchasing alliance
RE
06/07TESCO  : Carrefour To Let Purchasing Alliance Conclude At 2021-End
MT
06/07Carrefour, Tesco Decide Not to Extend Buying Alliance
DJ
06/03MODERN FARMING : Coronavirus outbreak spurs high-tech greenhouse boom in China
RE
06/03France's Casino expands Amazon partnership with collect services
RE
05/28namR, leader de la Data Intelligence au service de la transition écologique, ..
DJ
05/26CARREFOUR : Ex-dividend day for final dividend
FA
More news
Financials
Sales 2021 71 393 M 84 871 M 84 871 M
Net income 2021 1 042 M 1 239 M 1 239 M
Net Debt 2021 7 140 M 8 488 M 8 488 M
P/E ratio 2021 13,4x
Yield 2021 3,20%
Capitalization 13 743 M 16 374 M 16 337 M
EV / Sales 2021 0,29x
EV / Sales 2022 0,27x
Nbr of Employees 278 511
Free-Float 75,0%
Chart CARREFOUR
Duration : Period :
Carrefour Technical Analysis Chart | CA | FR0000120172 | MarketScreener
Technical analysis trends CARREFOUR
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Average target price 19,13 €
Last Close Price 17,01 €
Spread / Highest target 23,5%
Spread / Average Target 12,5%
Spread / Lowest Target -2,97%
EPS Revisions
Managers and Directors
NameTitle
Alexandre Bompard Chairman & Chief Executive Officer
Matthieu Malige Chief Financial Officer
Miguel Ángel González Gisbert Global Chief Technology Officer
Charles Edelstenne Independent Director
Mathilde Lemoine Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CARREFOUR21.20%16 374
WALMART INC.-4.46%385 912
SEVEN & I HOLDINGS CO., LTD.36.65%40 019
ALIMENTATION COUCHE-TARD INC.4.45%39 606
AVENUE SUPERMARTS LIMITED18.89%28 674
SM INVESTMENTS CORPORATION-4.77%24 814