Luxottica Group SpA (LUX) Receives Consensus Rating of “Hold” from Brokerages
Shares of Luxottica Group SpA (NYSE:LUX) have been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $45.50.
A number of research firms have recently commented on LUX. Zacks Investment Research upgraded shares of Luxottica Group SpA from a “sell” rating to a “hold” rating in a report on Saturday, May 6th. Morgan Stanley upgraded shares of Luxottica Group SpA from an “equal weight” rating to an “overweight” rating in a report on Tuesday, June 13th.
Shares of Luxottica Group SpA (NYSE LUX) opened at 60.90 on Tuesday. The firm has a 50-day moving average price of $58.09 and a 200 day moving average price of $57.04. Luxottica Group SpA has a 1-year low of $44.85 and a 1-year high of $62.57.
A number of large investors have recently modified their holdings of LUX. Eqis Capital Management Inc. boosted its stake in shares of Luxottica Group SpA by 58.5% in the first quarter. Eqis Capital Management Inc. now owns 7,518 shares of the company’s stock valued at $414,000 after buying an additional 2,776 shares in the last quarter. UBS Group AG boosted its stake in shares of Luxottica Group SpA by 9.0% in the first quarter. UBS Group AG now owns 15,180 shares of the company’s stock valued at $836,000 after buying an additional 1,250 shares in the last quarter. Boston Financial Mangement LLC boosted its stake in shares of Luxottica Group SpA by 25.0% in the second quarter. Boston Financial Mangement LLC now owns 305,288 shares of the company’s stock valued at $17,792,000 after buying an additional 61,068 shares in the last quarter. Greenleaf Trust bought a new stake in shares of Luxottica Group SpA during the first quarter valued at about $280,000. Finally, Wright Investors Service Inc. bought a new stake in shares of Luxottica Group SpA during the second quarter valued at about $758,000. Institutional investors own 1.68% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.americanbankingnews.com/2017/08/29/luxottica-group-spa-lux-receives-consensus-rating-of-hold-from-brokerages.html.
About Luxottica Group SpA
Luxottica Group S.p.A. is a holding company. The Company is engaged in the design, manufacture and distribution of fashion, luxury, sport and performance eyewear. The Company operates through two segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in design, manufacturing, wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products.
Receive News & Ratings for Luxottica Group SpA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luxottica Group SpA and related companies with MarketBeat.com's FREE daily email newsletter.