Kering (PP) Given Average Rating of “Buy” by Brokerages
Shares of Kering (EPA:PP) have been given an average recommendation of “Buy” by the twelve research firms that are presently covering the firm. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is €257.83 ($289.70).
Several equities research analysts have recently weighed in on the company. Deutsche Bank AG set a €270.00 ($303.37) price objective on Kering and gave the company a “neutral” rating in a report on Tuesday. Royal Bank of Canada set a €245.00 ($275.28) price objective on Kering and gave the company a “neutral” rating in a report on Thursday, April 13th. Sanford C. Bernstein set a €283.00 ($317.98) price objective on Kering and gave the company a “neutral” rating in a report on Wednesday, April 26th. HSBC Holdings plc set a €350.00 ($393.26) price objective on Kering and gave the company a “buy” rating in a report on Saturday. Finally, Berenberg Bank set a €320.00 ($359.55) price objective on Kering and gave the company a “buy” rating in a report on Wednesday, April 26th.
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Kering Company Profile
Kering SA is a France-based company that specializes in retail and luxury goods distribution. The Company operates through two core segments: LUXURY, which operates the Luxury Group division of PPR SA and designs, manufactures and markets luxury items, such as ready-to-wear clothing, leather goods, shoes, watches, jewelry, fragrances and cosmetics products; and Sport & Lifestyle segment, which designs and develops footwear, apparel and accessories under the brand names Puma, Volcom and Electrics.
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