RBC Capital analyst Piral Dadhania maintained a Buy rating on LVMH Moet Hennessy Louis Vuitton today and set a price target of €550.00. The company’s shares closed yesterday at €540.00.
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According to TipRanks, Dadhania is an analyst with an average return of -4.6% and a 39.48% success rate. Dadhania covers the Consumer Cyclical sector, focusing on stocks such as PUMA SE NPV, adidas AG, and Kering SA.
LVMH Moet Hennessy Louis Vuitton has an analyst consensus of Moderate Buy, with a price target consensus of €567.76, a 5.14% upside from current levels. In a report released on October 9, Bernstein also assigned a Buy rating to the stock with a €600.00 price target.
Based on LVMH Moet Hennessy Louis Vuitton’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €39.81 billion and a net profit of €5.7 billion. In comparison, last year the company earned a revenue of €41.68 billion and had a net profit of €7.27 billion
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