Coty Receives Consensus Rating of “Hold” from Analysts (NYSE:COTY)
Coty (NYSE:COTY) has been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the company, Analyst Ratings Network.com reports. Six analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $17.11.
A number of research firms have recently commented on COTY. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Coty in a research note on Wednesday, July 16th. They now have a $20.00 price target on the stock, up previously from $18.00. Separately, analysts at BMO Capital Markets initiated coverage on shares of Coty in a research note on Monday, June 30th. They set an “outperform” rating and a $19.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Coty in a research note on Thursday, May 15th.
Coty (NYSE:COTY) traded up 0.17% during mid-day trading on Wednesday, hitting $17.60. The stock had a trading volume of 28,037 shares. Coty has a 52-week low of $12.83 and a 52-week high of $18.95. The stock has a 50-day moving average of $17.32 and a 200-day moving average of $15.92. The company’s market cap is $6.678 billion.
In other Coty news, EVP Darryl Mccall sold 31,250 shares of Coty stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $17.01, for a total value of $531,562.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Coty Inc is engaged in manufacturing, marketing and distribution of women’s and men’s fragrances, color cosmetics and skin and body care related products globally.
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