Coty Given Consensus Rating of “Hold” by Brokerages (NYSE:COTY)
Shares of Coty (NYSE:COTY) have been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the company, Stock Ratings News reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $17.11.
Several analysts have recently commented on the stock. 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. 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.
Shares of Coty (NYSE:COTY) opened at 17.85 on Wednesday. Coty has a 52-week low of $12.83 and a 52-week high of $18.95. The stock’s 50-day moving average is $17. and its 200-day moving average is $15.97. The company’s market cap is $6.773 billion.
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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