Sonae traded at 2.02 this Wednesday April 8th, increasing 0.04 or 2.23 percent since the previous trading session. Looking back, over the last four weeks, Sonae gained 6.54 percent. Over the last 12 months, its price rose by 102.40 percent. Looking ahead, we forecast Sonae to be priced at 1.92 by the end of this quarter and at 1.77 in one year, according to Trading Economics global macro models projections and analysts expectations.
Sonae SGPS SA (Sonae) is a Portugal-based holding company primarily engaged in the retail trade of food. The Company divides its business into six segments: Sonae MC, which is active in the food retail mainly through hypermarkets, supermarkets and franchised local food stores; Sonae Sierra, which develops and manages shopping malls; Sonae SR, which includes specialized retail stores, such as electronics, sports goods and fashion shops; Sonae RP, which is involved in the real estate sector; Sonaecom, which provides integrated telecommunication services, and the Investment Management, which support the Company’s business through the assets portfolio management. The Company's portfolio includes Continente, Modalfa, Worten, Losan and Zippy brands, among others. The Company operates in approximately 66 countries, including Portugal, Spain, Greece, Germany, Italy, Turkey and Brazil, among others.