Luxottica Group SpA (NASDAQ:LUXTY) was downgraded by analysts at Societe Generale from a “hold” rating to a “sell” rating in a research note issued on Wednesday, The Fly reports.

A number of other brokerages have also issued reports on LUXTY. Royal Bank Of Canada lowered Luxottica Group SpA from a “sector perform” rating to an “underperform” rating in a report on Wednesday, September 20th. Zacks Investment Research raised Luxottica Group SpA from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Friday, September 15th.

Luxottica Group SpA (LUXTY) traded down 2.18% during mid-day trading on Wednesday, hitting $54.86. The company had a trading volume of 11,033 shares. Luxottica Group SpA has a 52-week low of $47.95 and a 52-week high of $62.57. The firm has a market cap of $26.61 billion and a P/E ratio of 30.99. The stock’s 50 day moving average price is $56.16 and its 200 day moving average price is $57.88.

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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.

The Fly

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