Kering (EPA:KER) has been given a €530.00 ($616.28) price target by equities research analysts at Credit Suisse Group in a note issued to investors on Thursday, April 18th, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s price objective would indicate a potential upside of 4.52% from the company’s current price.
Several other brokerages have also recently commented on KER. Deutsche Bank set a €530.00 ($616.28) price target on shares of Kering and gave the company a “buy” rating in a research report on Monday, April 1st. Sanford C. Bernstein set a €545.00 ($633.72) price objective on shares of Kering and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Royal Bank of Canada set a €550.00 ($639.53) price objective on shares of Kering and gave the stock a “buy” rating in a research report on Friday, February 15th. HSBC set a €580.00 ($674.42) price objective on shares of Kering and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Finally, Goldman Sachs Group reissued a “buy” rating and issued a price target on shares of Kering in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of €542.47 ($630.78).
Kering stock traded up €5.50 ($6.40) during trading on Thursday, hitting €507.10 ($589.65). The company had a trading volume of 236,281 shares, compared to its average volume of 233,612. Kering has a 1-year low of €231.35 ($269.01) and a 1-year high of €417.40 ($485.35).
Kering SA develops, designs, manufactures, markets, and sells apparel and accessories worldwide. The company offers shoes; leather goods, including handbags and wallets, and other leather products; eyewear and textile accessories; jewelry and watches; and T-shirts, sweatshirts, polo shirts, etc., as well as ready-to-wear products for men and women.
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