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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Carrefour    CA   FR0000120172

CARREFOUR

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Carrefour Brasil shares plunge as Brazilians protest killing of Black man at store

11/23/2020 | 01:14pm EST

PORTO ALEGRE, Brazil, Nov 23 (Reuters) - Supermarket chain Carrefour Brasil's share price plummeted 6% in afternoon trading on Monday after the death of a Black man beaten by security guards last week at one of its Brazil stores, igniting protests due to resume later in the day.

Shares in the Brazilian chain, the local unit of France's Carrefour, were the biggest losers on Brazil's Bovespa benchmark stock exchange index, which was up about 1% overall in afternoon trading.

A Carrefour Brasil spokesman declined to immediately comment on the fall in share price.

Some protesters have called for a boycott of the chain after a graphic video circulated on social media showing two security guards punching and pinning to the ground 40-year-old João Alberto Silveira Freitas on Thursday night. The two guards have been arrested.

The killing sparked Black Lives Matter protests in major Brazilian cities on Friday, with more than 1,000 demonstrators gathering at the store in the city of Porto Alegre where the incident took place. Some of the protesters rioted, destroying windows and vehicles, and setting fires.

Carrefour's global chairman and CEO Alexandre Bompard said late on Friday that the images of the beating were "unbearable" and he condemned racism and violence.

Carrefour Brasil said that it was taking steps to ensure those responsible were legally punished and that it would terminate its contract with the firm that provided security at the store.

Another protest was planned for Monday evening in Porto Alegre, organized by local Black activists, Black city council members and the third-tier São José soccer club, which Silveira Freitas supported. (Reporting by Diego Vara in Porto Alegre and Jake Spring in Brasilia; Editing by Howard Goller)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ATACADÃO S.A. -1.36% 20.29 End-of-day quote.4.64%
CARREFOUR -6.32% 15.56 End-of-day quote.18.39%
IBOVESPA 1.22% 121812.59 End-of-day quote.1.13%
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Financials
Sales 2020 71 418 M 86 117 M 86 117 M
Net income 2020 757 M 913 M 913 M
Net Debt 2020 6 780 M 8 175 M 8 175 M
P/E ratio 2020 17,2x
Yield 2020 2,69%
Capitalization 13 424 M 16 230 M 16 186 M
EV / Sales 2020 0,28x
EV / Sales 2021 0,27x
Nbr of Employees 321 383
Free-Float 75,3%
Chart CARREFOUR
Duration : Period :
Carrefour Technical Analysis Chart | CA | FR0000120172 | MarketScreener
Technical analysis trends CARREFOUR
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Average target price 18,27 €
Last Close Price 16,61 €
Spread / Highest target 24,0%
Spread / Average Target 10,0%
Spread / Lowest Target -10,3%
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
Nicolas Bazire Non-Independent Director
Jean-Laurent Bonnafé Director
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AVENUE SUPERMARTS LIMITED2.08%24 981