Analysts Set Prada S.p.A. (OTCMKTS:PRDSY) Target Price at $57.70

Prada S.p.A. (OTCMKTS:PRDSY) has received a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $57.70.

Several equities research analysts recently commented on PRDSY shares. Cheuvreux raised Prada from a “reduce” rating to a “hold” rating and increased their price target for the company from $47.00 to $58.00 in a report on Friday, November 19th. Barclays initiated coverage on shares of Prada in a report on Tuesday, September 21st. They issued an “overweight” rating on the stock. The Goldman Sachs Group upgraded shares of Prada from a “neutral” rating to a “buy” rating in a report on Monday, October 11th. Finally, Societe Generale upgraded shares of Prada from a “sell” rating to a “hold” rating in a research note on Friday, September 17th.

OTCMKTS PRDSY opened at $14.28 on Monday. Prada has a twelve month low of $9.35 and a twelve month high of $16.20. The stock has a 50-day moving average of $12.23 and a 200 day moving average of $13.09.

Prada Company Profile

Prada SpA operates as a holding company, which engages in the manufacture and distribution of luxury goods. Its products include leather goods, handbags, footwear, apparel, accessories, eyewear, and fragrances. Its brands include Miu Miu, Church’s, Cas Shoe, and Pasticceria Marchesi. The company was founded by Mario Prada in 1913 and is headquartered in Milan, Italy.

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Analyst Recommendations for Prada (OTCMKTS:PRDSY)

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