Magnit traded at 1,824.50 this Thursday July 30th, decreasing 63.50 or 3.36 percent since the previous trading session. Looking back, over the last four weeks, Magnit lost 4.13 percent. Over the last 12 months, its price fell by 48.25 percent. Looking ahead, we forecast Magnit to be priced at 1,747.61 by the end of this quarter and at 1,578.29 in one year, according to Trading Economics global macro models projections and analysts expectations.
Magnit PAO is a Russia-based holding company, which operates in the retail and distribution of consumer goods under the Magnit name. The Company’s activity is divided into one segment: retail sales of consumer goods. Its segment operates through four types of stores and in various states within the Russian Federation: Convenience stores; Hypermarkets; Magnit Family and Drogerie stores. The Company offers a wide range of products, such as food and tobacco products, clothes, shoes, as well as personal care, household cleaning products, cosmetics and perfumery goods. Additionally, the Company operates an in-house logistics system consisting over than 37 distribution centers, which are located in the Volga Federal region, Central Federal region, Southern Federal region, Urals region and in the North-West Federal region. It also operates as wholesale hypermarkets and pharmacies, including pharmacies integrated into drogerie stores.