Coty Inc. (COTY) Given “Sector Perform” Rating at Royal Bank Of Canada
Coty Inc. (NYSE:COTY)‘s stock had its “sector perform” rating reiterated by investment analysts at Royal Bank Of Canada in a research report issued on Monday. They currently have a $22.00 price target on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 14.40% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Coty from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. BidaskClub lowered shares of Coty from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Societe Generale initiated coverage on shares of Coty in a report on Monday, June 12th. They issued a “buy” rating and a $21.00 target price for the company. Jefferies Group LLC initiated coverage on shares of Coty in a report on Friday, June 2nd. They issued a “hold” rating and a $17.00 target price for the company. Finally, Barclays PLC set a $19.00 target price on shares of Coty and gave the company a “hold” rating in a report on Saturday, May 13th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.54.
Coty (NYSE:COTY) traded down 0.806% during mid-day trading on Monday, hitting $19.075. 944,722 shares of the stock traded hands. The stock’s market cap is $14.26 billion. Coty has a 1-year low of $16.95 and a 1-year high of $29.30. The company’s 50 day moving average price is $19.29 and its 200-day moving average price is $18.83.
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In related news, insider Greerson Greene Mcmullen bought 14,350 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was purchased at an average cost of $18.92 per share, with a total value of $271,502.00. Following the completion of the purchase, the insider now owns 68,007 shares of the company’s stock, valued at $1,286,692.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sebastien Froidefond bought 13,461 shares of the stock in a transaction dated Thursday, June 15th. The shares were bought at an average cost of $18.95 per share, with a total value of $255,085.95. Following the completion of the purchase, the insider now directly owns 62,640 shares of the company’s stock, valued at approximately $1,187,028. The disclosure for this purchase can be found here. Insiders have bought 188,620 shares of company stock valued at $3,588,363 over the last three months. Insiders own 16.10% of the company’s stock.
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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