Zacks: Analysts Set $41.00 Price Target for Luxottica Group SpA (LUXTY)
Luxottica Group SpA (NASDAQ:LUXTY) has received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Luxottica Group SpA’s rating score has declined by 50% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 1 year consensus price objective of $41.00 for the company, according to Zacks. Zacks has also assigned Luxottica Group SpA an industry rank of 44 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of Luxottica Group SpA from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th.
Luxottica Group SpA (NASDAQ LUXTY) opened at 59.20 on Monday. The company’s 50 day moving average is $60.13 and its 200 day moving average is $55.68. Luxottica Group SpA has a one year low of $44.85 and a one year high of $62.57. The stock has a market cap of $28.71 billion and a PE ratio of 33.45.
Luxottica Group SpA Company Profile
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.
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