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    CA   FR0000120172

CARREFOUR

(CA)
  Report
Real-time Quote. Real-time Euronext Paris - 10/15 11:35:06 am
15.495 EUR   +1.01%
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

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

11/23/2020 | 01:14pm EDT

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)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ATACADÃO S.A. 3.61% 18.65 End-of-day quote.-3.82%
CARREFOUR 1.01% 15.495 Real-time Quote.10.44%
IBOVESPA 1.29% 114647.99 Delayed Quote.-4.90%
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Analyst Recommendations on CARREFOUR
More recommendations
Financials
Sales 2021 71 998 M 83 518 M 83 518 M
Net income 2021 1 071 M 1 243 M 1 243 M
Net Debt 2021 7 726 M 8 963 M 8 963 M
P/E ratio 2021 10,9x
Yield 2021 3,55%
Capitalization 12 212 M 14 167 M 14 166 M
EV / Sales 2021 0,28x
EV / Sales 2022 0,25x
Nbr of Employees 255 952
Free-Float 73,6%
Chart CARREFOUR
Duration : Period :
Carrefour Technical Analysis Chart | CA | FR0000120172 | MarketScreener
Technical analysis trends CARREFOUR
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 15,50 €
Average target price 19,38 €
Spread / Average Target 25,1%
EPS Revisions
Managers and Directors
Alexandre Bompard Chairman & Chief Executive Officer
Matthieu Malige Chief Financial Officer
Miguel ┴ngel Gonzßlez Gisbert Global Chief Technology Officer
Charles Edelstenne Independent Director
Mathilde Lemoine Independent Director
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