Luxottica Group SpA (LUXTY) Given $41.00 Consensus Target Price by Brokerages
Shares of Luxottica Group SpA (NASDAQ:LUXTY) have been given an average broker rating score of 4.00 (Sell) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation and one has assigned a hold recommendation to the company. Luxottica Group SpA’s rating score has declined by 33.3% from three months ago as a result of various analysts’ ratings changes.
Brokerages have set a twelve-month consensus target price of $41.00 for the company, according to Zacks. Zacks has also given Luxottica Group SpA an industry rank of 87 out of 265 based on the ratings given to related companies.
A number of analysts have weighed in on the stock. Royal Bank Of Canada cut shares of Luxottica Group SpA from a “sector perform” rating to an “underperform” rating in a report on Wednesday, September 20th. Zacks Investment Research raised shares of Luxottica Group SpA from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Friday, September 15th.
Shares of Luxottica Group SpA (NASDAQ LUXTY) opened at 53.635 on Monday. Luxottica Group SpA has a 52-week low of $45.25 and a 52-week high of $62.57. The stock has a market cap of $26.01 billion and a P/E ratio of 30.302. The firm’s 50-day moving average is $56.30 and its 200 day moving average is $57.82.
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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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