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

CASINO, GUICHARD-PERRACHON

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

01/09/2017 | 04:12am EST
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)


© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA CORPORATION 0.17% 29.03 Delayed Quote.-17.58%
CASINO, GUICHARD-PERRACHON -0.33% 24.4 Real-time Quote.-41.30%
NEXT PLC -1.49% 6478 Delayed Quote.-6.30%
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Financials
Sales 2020 32 255 M 38 475 M 38 475 M
Net income 2020 163 M 194 M 194 M
Net Debt 2020 6 316 M 7 533 M 7 533 M
P/E ratio 2020 13,0x
Yield 2020 -
Capitalization 2 638 M 3 141 M 3 147 M
EV / Sales 2020 0,28x
EV / Sales 2021 0,27x
Nbr of Employees 209 696
Free-Float 41,8%
Chart CASINO, GUICHARD-PERRACHON
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Casino, Guichard-Perrachon Technical Analysis Chart | CO | FR0000125585 | MarketScreener
Technical analysis trends CASINO, GUICHARD-PERRACHON
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 28,75 €
Last Close Price 24,48 €
Spread / Highest target 67,5%
Spread / Average Target 17,5%
Spread / Lowest Target -26,5%
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
Sector and Competitors
1st jan.Capitalization (M$)
CASINO, GUICHARD-PERRACHON-41.30%3 141
SYSCO CORPORATION-16.20%36 511
WOOLWORTHS GROUP LIMITED4.42%35 133
TESCO PLC-10.78%29 812
AHOLD DELHAIZE N.V.5.76%29 270
AEON CO., LTD.40.19%25 287