Kering (PP) Given Consensus Rating of “Buy” by Brokerages
Shares of Kering (EPA:PP) have received a consensus recommendation of “Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is €277.60 ($311.91).
A number of brokerages have recently issued reports on PP. Barclays PLC set a €290.00 ($325.84) price objective on Kering and gave the company a “buy” rating in a research note on Wednesday, April 26th. HSBC Holdings plc set a €365.00 ($410.11) target price on Kering and gave the company a “buy” rating in a research report on Friday, June 2nd. Berenberg Bank set a €320.00 ($359.55) target price on Kering and gave the company a “buy” rating in a research report on Wednesday, April 26th. Royal Bank Of Canada set a €290.00 ($325.84) target price on Kering and gave the company a “neutral” rating in a research report on Wednesday, May 3rd. Finally, Goldman Sachs Group, Inc. (The) set a €322.00 ($361.80) target price on Kering and gave the company a “buy” rating in a research report on Monday, May 1st.
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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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