LVMH Moet Hennessy Louis Vuitton SE (NASDAQ:LVMUY) was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Marketbeat.com reports.

A number of other research firms have also recently weighed in on LVMUY. Cowen and Company raised shares of LVMH Moet Hennessy Louis Vuitton SE from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 19th. Berenberg Bank raised shares of LVMH Moet Hennessy Louis Vuitton SE from a “hold” rating to a “buy” rating in a report on Monday, April 24th. Finally, Societe Generale cut shares of LVMH Moet Hennessy Louis Vuitton SE from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold”.

Analyst Recommendations for LVMH Moet Hennessy Louis Vuitton SE (NASDAQ:LVMUY)

Shares of LVMH Moet Hennessy Louis Vuitton SE (NASDAQ LVMUY) traded up 0.46% during midday trading on Wednesday, reaching $51.86. 102,854 shares of the company were exchanged. The company has a market capitalization of $130.18 billion and a PE ratio of 29.33. The stock’s 50-day moving average price is $51.12 and its 200-day moving average price is $43.68. LVMH Moet Hennessy Louis Vuitton SE has a 52-week low of $28.64 and a 52-week high of $52.72.

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About LVMH Moet Hennessy Louis Vuitton SE

LVMH Moet Hennessy Louis Vuitton SE is a luxury goods company. The business activities of the Company are divided into various business groups, including Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective retailing and Other activities. The Company has approximately 70 brands and over 3,950 stores around the world.

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