Luxottica Group SpA (LUXTY) Receives Consensus Rating of “Sell” from Brokerages
Luxottica Group SpA (NASDAQ:LUXTY) has earned a consensus broker rating score of 4.00 (Sell) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation and one has given a hold recommendation to the company. Luxottica Group SpA’s rating score has declined by 100% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokers 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 73 out of 265 based on the ratings given to related companies.
A number of equities analysts have issued reports on LUXTY shares. Zacks Investment Research raised Luxottica Group SpA from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Friday, September 15th. Royal Bank Of Canada cut Luxottica Group SpA from a “sector perform” rating to an “underperform” rating in a report on Wednesday, September 20th.
Shares of Luxottica Group SpA (LUXTY) traded up 1.11% during mid-day trading on Wednesday, reaching $56.72. The company had a trading volume of 17,689 shares. The company has a market cap of $27.51 billion and a price-to-earnings ratio of 32.05. The firm’s 50-day moving average price is $60.13 and its 200 day moving average price is $55.68. Luxottica Group SpA has a 52-week low of $44.85 and a 52-week high of $62.57.
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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.
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