Farfetch (FTCH) Now Covered by Analysts at Citigroup
Citigroup began coverage on shares of Farfetch (NYSE:FTCH) in a research note published on Monday morning, The Fly reports. The firm issued an outperform rating and a $34.00 price objective on the stock.
A number of other brokerages have also issued reports on FTCH. Zacks Investment Research lowered Farfetch from a hold rating to a sell rating in a research report on Tuesday, December 18th. ValuEngine lowered Farfetch from a buy rating to a hold rating in a research report on Tuesday, November 20th. Finally, Goldman Sachs Group upgraded Farfetch from a neutral rating to a buy rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. Farfetch has a consensus rating of Buy and a consensus target price of $28.56.
NYSE:FTCH opened at $27.26 on Monday. Farfetch has a 12-month low of $15.98 and a 12-month high of $32.40. The company has a market cap of $8.01 billion and a P/E ratio of -46.20.
Farfetch Ltd. engages in the retail of fashion and luxury goods. It offers womenswear, menswear, kidswear, vintage, fine watches, and fine jewelry. The company was founded by José Manuel Ferreira Neves in 2007 and launched in 2008 and is headquartered in London, the United Kingdom.
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