Magazine Luiza SA traded at 12.69 this Friday October 23rd, decreasing 0.09 or 0.70 percent since the previous trading session. Looking back, over the last four weeks, Magazine Luiza lost 101.43 percent. Over the last 12 months, its price rose by 57.05 percent. Looking ahead, we forecast Magazine Luiza SA to be priced at 12.28 by the end of this quarter and at 11.14 in one year, according to Trading Economics global macro models projections and analysts expectations.
Magazine Luiza SA is a Brazil-based company principally engaged in the retail sector. The Company''s activities are divided into four business lines: Retail, through physical stores and E-commerce sells various consumer goods, including home appliances, electronics, furniture, cosmetics, baby care accessories, toys and sport articles, among others; Luizacred, which offers products such as the credit cards, consumer credits, personal loans, payroll loans; Luizaseg, offering insurance and extended product''s warranty; and Consortium Management, providing customers access to its so-called letters of credit through Consorcio Luiza. The Company owns several subsidiaries, such as Magalog Servicos Logisticos Ltda and Campos Floridos Comercio de Cosmeticos Ltda.