Kering SA received a Sell rating and a €160.00 price target from Berenberg Bank analyst Nick Anderson CFA yesterday. The company’s shares closed yesterday at €314.41.
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Anderson CFA covers the Consumer Cyclical sector, focusing on stocks such as LVMH Moet Hennessy Louis Vuitton, Nike, and PUMA SE NPV. According to TipRanks, Anderson CFA has an average return of -3.7% and a 38.46% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Kering SA with a €245.00 average price target, implying a -22.08% downside from current levels. In a report released on October 10, J.P. Morgan also maintained a Sell rating on the stock with a €145.00 price target.
Based on Kering SA’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €7.59 billion and a net profit of €474 million. In comparison, last year the company earned a revenue of €9.02 billion and had a net profit of €878 million
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- Kering SA: Navigating Elevated Valuation and Uncertain Gucci Outlook Amidst Positive Developments
- Kering price target raised to EUR 200 from EUR 135 at Barclays
- Kering upgraded to Overweight, named Top Pick in Luxury at Morgan Stanley
- Kering price target raised to EUR 263 from EUR 220 at Citi
- Kering upgraded to Buy from Hold at HSBC
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