Jefferies Financial Group Reiterates “€680.00” Price Target for Kering (EPA:KER)
Jefferies Financial Group set a €680.00 ($790.70) price target on Kering (EPA:KER) in a research note released on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other analysts have also recently issued research reports about the company. Goldman Sachs Group set a €608.00 ($706.98) price target on Kering and gave the stock a buy rating in a research report on Wednesday. Royal Bank of Canada set a €630.00 ($732.56) price objective on Kering and gave the company a buy rating in a research note on Monday, January 13th. JPMorgan Chase & Co. set a €600.00 ($697.67) price objective on Kering and gave the company a buy rating in a research note on Wednesday. Sanford C. Bernstein set a €540.00 ($627.91) price objective on Kering and gave the company a neutral rating in a research note on Wednesday. Finally, Deutsche Bank set a €580.00 ($674.42) price objective on Kering and gave the company a neutral rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of €601.00 ($698.84).
KER traded down €17.00 ($19.77) on Thursday, reaching €579.40 ($673.72). 230,574 shares of the stock were exchanged, compared to its average volume of 233,612. The company’s 50-day moving average price is €582.86 and its 200 day moving average price is €513.90. Kering has a fifty-two week low of €231.35 ($269.01) and a fifty-two week 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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