Etablissements FR Colruyt is engaged in wholesale, food service, distribution of fuels, production of electricity and digital printing. Co. has three operating segments: retail, which relates to stores under Co.'s own management which directly sell to retail customers and bulk consumers; wholesale and foodservice, which supplies to wholesalers, commercial customers and affiliated independent merchants; and other activities, which operates gas stations, engaged in printing and document management and provides alternative energy.
  • TickerCOLR
  • ISINBE0974256852
  • ExchangeEuronext Brussels
  • SectorFood & Drug Retailers
  • CountryBelgium

Colruyt : 1 director sold

A director at Colruyt sold 30,000 shares at 55.125EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Alan Vandenberghe ...
  • Guy Sips
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Wido Jongman
  • Wim Hoste

Morning Note: ABI BB, COLR BB, OPTI BB , FAGR BB, JEN BB, PIC BB, PNL NA, XIOR BB

AB InBev: Halves final dividend to € 0.50 per share Colruyt: From windfarm to fork Crescent: Working together with WMW to offer Covid solutions Fagron: Net positive effect of COVID-19 in 1Q20 Jensen-Group: Significant slowdown in order intake – No dividend Picanol: Restarting production at its Ieper plant as of today PostNL: Covid-19 update Xior: Securing liquidity - diversifying debt base

Alan Vandenberghe

COLRUYT : From windfarm to fork

Today we publish an in-depth note on Colruyt where we dig deeper into the possible impact of the lockdown situation. Furthermore, we also did a detailed valuation exercise of Parkwind which we believe represents a solid buffer with further upside. All-in-all, we increase our target price from € 45.0 to € 50.5, reflecting € 5/share for the value of Parkwind and € 0.5/share for the positive COVID-19 impact. Given the limited downside, we upgrade from Reduce to Hold.

Laurence Hofmann

ODDO : COVID-19: food retail still operating, but in downgraded mode

Given its strategic nature in the COVID-19 crisis, food retail has regained a defensive status, which seems justified in our view. This means we have only cut our 2020 forecasts by 3.2%. There are no financial issues in the sector. The valuations remain attractive. We are not changing our sector hierarchy. Ahold Delhaize is still our Top Pick, but we are steering clear of Metro (Reduce vs Neutral). - >Good resilience expected from the 2020e earnings - We have revised d...

Laurence Hofmann

ODDO : COVID-19 : la distribution alimentaire en ordre de marche, mais en mode dégradé

Stratégique face à la crise du COVID-19, la distribution alimentaire retrouve un statut défensif, qui nous semble justifié. Nous sommes conduits à baisser nos attentes 2020 que de 3.2%. Il n’y a pas de problématique financière dans le secteur. Les valorisations restent attractives. Nous ne modifions pas notre hiérarchie sectorielle : Ahold Delhaize reste notre top pick alors que nous restons à l’écart de Metro (Alléger vs Neutre). - >Bonne résistance anticipée des résultat...

Valérie GASTALDY

Short term view - COLRUYT SA : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €50.92. Breaking below the support at €47.21 would invalidate the trend.

Valérie GASTALDY

Analyse court terme - COLRUYT SA : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 50,92 €. La rupture du support à 47,21 € invaliderait cette tendance.

Valérie GASTALDY

Analyse court terme - COLRUYT SA : Les cours progressent encore.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 50,92 €. La rupture du support à 47,21 € invaliderait cette tendance.

Valérie GASTALDY

Short term view - COLRUYT SA : Prices are still making progress

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €50.92. Breaking below the support at €47.21 would invalidate the trend.

Valérie GASTALDY

Analyse moyen terme - COLRUYT SA : Les cours progressent toujours.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 51,06 € et 55,25 €. La tendance serait invalidée sous le support à 41,29 €.

Colruyt : 1 director sold

A director at Colruyt sold 30,000 shares at 55.125EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

Alan Vandenberghe ...
  • Guy Sips
  • Lenny Van Steenhuyse
  • Ruben Devos
  • Wido Jongman
  • Wim Hoste

Morning Note: ABI BB, COLR BB, OPTI BB , FAGR BB, JEN BB, PIC BB, PNL NA, XIOR BB

AB InBev: Halves final dividend to € 0.50 per share Colruyt: From windfarm to fork Crescent: Working together with WMW to offer Covid solutions Fagron: Net positive effect of COVID-19 in 1Q20 Jensen-Group: Significant slowdown in order intake – No dividend Picanol: Restarting production at its Ieper plant as of today PostNL: Covid-19 update Xior: Securing liquidity - diversifying debt base

Alan Vandenberghe

COLRUYT : From windfarm to fork

Today we publish an in-depth note on Colruyt where we dig deeper into the possible impact of the lockdown situation. Furthermore, we also did a detailed valuation exercise of Parkwind which we believe represents a solid buffer with further upside. All-in-all, we increase our target price from € 45.0 to € 50.5, reflecting € 5/share for the value of Parkwind and € 0.5/share for the positive COVID-19 impact. Given the limited downside, we upgrade from Reduce to Hold.

Laurence Hofmann

ODDO : COVID-19: food retail still operating, but in downgraded mode

Given its strategic nature in the COVID-19 crisis, food retail has regained a defensive status, which seems justified in our view. This means we have only cut our 2020 forecasts by 3.2%. There are no financial issues in the sector. The valuations remain attractive. We are not changing our sector hierarchy. Ahold Delhaize is still our Top Pick, but we are steering clear of Metro (Reduce vs Neutral). - >Good resilience expected from the 2020e earnings - We have revised d...

Laurence Hofmann

ODDO : COVID-19 : la distribution alimentaire en ordre de marche, mais en mode dégradé

Stratégique face à la crise du COVID-19, la distribution alimentaire retrouve un statut défensif, qui nous semble justifié. Nous sommes conduits à baisser nos attentes 2020 que de 3.2%. Il n’y a pas de problématique financière dans le secteur. Les valorisations restent attractives. Nous ne modifions pas notre hiérarchie sectorielle : Ahold Delhaize reste notre top pick alors que nous restons à l’écart de Metro (Alléger vs Neutre). - >Bonne résistance anticipée des résultat...

Laurence Hofmann

ODDO : Food retail and COVID-19 impact: consumers stocking up in the short term

>France: food sales boosted by 5.4 points, according to Nielsen data - According to Nielsen, FMCG and fresh product sales in France grew by 6.2% in value terms in the ten days from 24 February to 4 March 2020 vs growth of only 0.8% in FY 2019.The rate of growth was widespread for retail overall:+5.8% for stores (even hypermarkets were positive: +5.9%).+12.9% for click and collect points (which account for 6.5% of the market in France).And +73.8% fo...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Jean Danjou
  • Laurence Hofmann

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/11/2020

...

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Fehmi Ben Naamane
  • Jean-François Granjon
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 03/11/2020

...

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Fehmi Ben Naamane
  • Jean-François Granjon
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 11/03/2020

...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Jean Danjou
  • Laurence Hofmann

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/03/2020

...

Alfred Glaser ...
  • Delphine Brault
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Jean Sassus
  • Laurence Hofmann
  • Matthias Desmarais
  • Pierre Tegner
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 12/12/2019

...

COLRUYT sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of COLRUYT (BE), active in the Food Retailers & Wholesalers industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date January 21, 2020, the closing price was EUR 44.44 and its target price was estimated at EUR 40.85.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Colruyt- EGM 10 October 2019

In general, Colruyt is in compliance with the Belgian regulations relating to the organisation and procedures of an Extraordinary General Meeting. Under ITEM I.3, the board of directors seeks authorisation to increase the Company's share capital to issue shares to its employees. As a matter of principle, ECGS generally favours employee stock ownership plans since such plans help to align the interests of employees with those of their companies. However, since the authority requested is not conform to its guidelines, ECGS recommends to vote OPPOSE. In ECGS' view, ITEMS I.4 - I.8 are enabling ...

Expert Corporate Governance Service (ECGS)

Colruyt- AGM 25 September 2019

In general, Colruyt is in compliance with the Belgian regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 1, approval is sought for the report of the board of directors. Although the notice for the AGM was published in time, ECGS has concerns over (executive) remuneration and corporate governance at Colruyt. In view of the above, ECGS therefore recommends to vote OPPOSE to the report of the board of directors, since both remuneration and corporate governance are the two main elements of said report. Under ITEM 2, the board of directors seeks appr...

Colruyt – Proxinvest Corporate Governance Rating ® : E

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Colruyt - Proxy report - 26/09/2018

In general, Colruyt is in compliance with the Belgian regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 1, approval is sought for the report of the board of directors. Since ECGS has serious concerns over (executive) compensation and corporate governance at Colruyt, it recommends to vote OPPOSE. Under ITEM 2, the board of directors seeks approval for the Company's remuneration report. In light of insufficient disclosure and other concerns with regard to the executive compensation package, ECGS recommends to vote OPPOSE. Under ITEM 5, approval ...

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