Brokerages Set Luxottica Group SpA (NYSE:LUX) Target Price at $45.50
Shares of Luxottica Group SpA (NYSE:LUX) have earned a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $45.50.
LUX has been the subject of several recent research reports. Morgan Stanley raised Luxottica Group SpA from an “equal weight” rating to an “overweight” rating in a report on Tuesday, June 13th. Zacks Investment Research raised Luxottica Group SpA from a “sell” rating to a “hold” rating in a report on Saturday, May 6th.
Luxottica Group SpA (NYSE LUX) opened at 60.90 on Friday. Luxottica Group SpA has a one year low of $44.85 and a one year high of $62.57. The stock has a 50 day moving average price of $58.70 and a 200-day moving average price of $56.91.
A number of large investors have recently bought and sold shares of the company. Guggenheim Capital LLC acquired a new stake in Luxottica Group SpA during the fourth quarter valued at about $295,000. Harding Loevner LP boosted its stake in Luxottica Group SpA by 17.0% in the first quarter. Harding Loevner LP now owns 76,203 shares of the company’s stock valued at $4,195,000 after buying an additional 11,085 shares during the period. WCM Investment Management CA raised its position in Luxottica Group SpA by 2.7% in the first quarter. WCM Investment Management CA now owns 1,289,065 shares of the company’s stock valued at $70,963,000 after buying an additional 33,837 shares in the last quarter. Bank of Montreal Can raised its position in Luxottica Group SpA by 3.7% in the first quarter. Bank of Montreal Can now owns 7,155 shares of the company’s stock valued at $394,000 after buying an additional 257 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in Luxottica Group SpA by 4.9% in the first quarter. Capstone Asset Management Co. now owns 20,589 shares of the company’s stock valued at $1,133,000 after buying an additional 960 shares in the last quarter. 1.68% of the stock is owned by institutional investors.
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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