Kering (PP) Given a €350.00 Price Target by Berenberg Bank Analysts
Kering (EPA:PP) received a €350.00 ($393.26) price objective from research analysts at Berenberg Bank in a report issued on Wednesday. The brokerage presently has a “buy” rating on the stock.
PP has been the topic of several other research reports. Goldman Sachs Group, Inc. (The) set a €272.00 ($305.62) target price on Kering and gave the company a “buy” rating in a research report on Monday, April 24th. Barclays PLC set a €290.00 ($325.84) target price on Kering and gave the company a “buy” rating in a research report on Wednesday, April 26th. Citigroup Inc. set a €287.00 ($322.47) target price on Kering and gave the company a “buy” rating in a research report on Wednesday, April 26th. HSBC Holdings plc set a €350.00 ($393.26) target price on Kering and gave the company a “buy” rating in a research report on Thursday, May 11th. Finally, 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. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of €327.64 ($368.13).
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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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