BMO Capital Markets Reiterates “Buy” Rating for Coty Inc. (COTY)
Coty Inc. (NYSE:COTY)‘s stock had its “buy” rating restated by equities researchers at BMO Capital Markets in a research report issued on Thursday. They presently have a $24.00 price objective on the stock. BMO Capital Markets’ price target points to a potential upside of 44.23% from the company’s previous close.
A number of other analysts have also recently issued reports on COTY. Royal Bank Of Canada restated a “hold” rating and set a $22.00 price objective on shares of Coty in a research report on Thursday, June 8th. Societe Generale started coverage on Coty in a research report on Monday, June 12th. They set a “buy” rating and a $21.00 price objective on the stock. BidaskClub cut Coty from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut Coty from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Finally, Stifel Nicolaus set a $25.00 price objective on Coty and gave the company a “buy” rating in a research report on Monday, August 21st. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.04.
Coty (COTY) opened at 16.64 on Thursday. The company’s market capitalization is $12.46 billion. Coty has a 52 week low of $15.83 and a 52 week high of $25.34. The company’s 50-day moving average price is $16.90 and its 200 day moving average price is $18.29.
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In other Coty news, insider Sylvie Moreau acquired 48,153 shares of Coty stock in a transaction on Thursday, August 24th. The shares were bought at an average price of $16.79 per share, with a total value of $808,488.87. Following the completion of the purchase, the insider now owns 97,035 shares in the company, valued at $1,629,217.65. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Ayesha Zafar acquired 21,570 shares of Coty stock in a transaction on Wednesday, September 13th. The stock was acquired at an average cost of $17.11 per share, for a total transaction of $369,062.70. Following the purchase, the senior vice president now owns 10,000 shares of the company’s stock, valued at approximately $171,100. The disclosure for this purchase can be found here. In the last three months, insiders acquired 2,979,505 shares of company stock worth $48,661,242. Insiders own 1.00% of the company’s stock.
Coty Company Profile
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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