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Stock analysts at Deutsche Bank initiated coverage on shares of Luxottica Group S.p.A. (NYSE:LUX) in a report issued on Monday, American Banking News reports. The firm set a “buy” rating on the stock.

Luxottica Group S.p.A. (NYSE:LUX) opened at 50.32 on Monday. Luxottica Group S.p.A. has a 1-year low of $44.00 and a 1-year high of $56.18. The stock’s 50-day moving average is $51.28 and its 200-day moving average is $52.4. The company has a market cap of $23.813 billion and a price-to-earnings ratio of 31.55.

LUX has been the subject of a number of other recent research reports. Analysts at Nomura upgraded shares of Luxottica Group S.p.A. from a “reduce” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. Separately, analysts at HSBC upgraded shares of Luxottica Group S.p.A. from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday, December 18th. Finally, analysts at Berenberg Bank downgraded shares of Luxottica Group S.p.A. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $49.95.

Luxottica Group S.p.A. is an Italy-based company engaged in the design, manufacture and distribution of prescription frames and sunglasses in the mid-and premium-price categories.

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