Luxottica Group SpA (LUX) Given Consensus Recommendation of “Hold” by Brokerages
Luxottica Group SpA (NYSE:LUX) has been assigned an average rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $50.00.
Separately, Royal Bank Of Canada cut Luxottica Group SpA from a “sector perform” rating to an “underperform” rating in a report on Thursday, September 21st.
Several large investors have recently modified their holdings of LUX. Wells Fargo & Company MN grew its holdings in shares of Luxottica Group SpA by 15.3% during the 1st quarter. Wells Fargo & Company MN now owns 36,930 shares of the company’s stock worth $2,033,000 after purchasing an additional 4,898 shares during the period. US Bancorp DE grew its holdings in shares of Luxottica Group SpA by 4.0% during the 1st quarter. US Bancorp DE now owns 3,095 shares of the company’s stock worth $170,000 after purchasing an additional 120 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Luxottica Group SpA by 51.8% during the 1st quarter. Bank of New York Mellon Corp now owns 11,205 shares of the company’s stock worth $618,000 after purchasing an additional 3,826 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Luxottica Group SpA by 27.0% during the 1st quarter. JPMorgan Chase & Co. now owns 39,578 shares of the company’s stock worth $2,179,000 after purchasing an additional 8,419 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of Luxottica Group SpA by 0.8% during the 1st quarter. Stifel Financial Corp now owns 20,401 shares of the company’s stock worth $1,121,000 after purchasing an additional 167 shares during the period. Institutional investors and hedge funds own 1.68% of the company’s stock.
Luxottica Group SpA (NYSE:LUX) opened at 60.90 on Wednesday. The firm has a 50-day moving average of $56.77 and a 200-day moving average of $57.91. Luxottica Group SpA has a 52-week low of $45.25 and a 52-week high of $62.57.
TRADEMARK VIOLATION NOTICE: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/18/luxottica-group-spa-lux-given-consensus-recommendation-of-hold-by-brokerages.html.
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.
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.