Shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) traded at a new 52-week high today of $89.13. This new high was reached on approximately average trading volume as 284,000 shares traded hands, while the average 30-day volume is approximately 335,000 shares.
Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) is currently priced 59.2% above its average consensus analyst price target of $36.20.
Fomento Economico Mexicano S.A.B. de C.V. share prices have moved between a 52-week high of $89.13 and a 52-week low of $52.91 and are now trading 68% above that low price at $88.70 per share.
Femsa is a holding company with controlling interests in three entities: It owns a 47% economic and 56% voting interest in Coca-Cola Femsa, while wholly owning Femsa Comercio and CB Equity. CB Equity houses a roughly 15% stake in Heineken, while Comercio operates through three business units: proximity, which houses Oxxo, the largest small-format chain in the Americas, with convenience stores in Mexico and South America (including Brazil through a joint venture with Raizen); health, which operates pharmacies across a geographic footprint similar to Oxxo; and fuel, which operates retail service stations under franchisee arrangements in Mexico.
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