Kering (EPA:KER) has been given a €602.00 ($700.00) price target by investment analysts at Goldman Sachs Group in a note issued to investors on Thursday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Goldman Sachs Group’s price target points to a potential upside of 27.58% from the company’s current price.
Several other brokerages also recently commented on KER. Credit Suisse Group set a €525.00 ($610.47) price objective on Kering and gave the company a “neutral” rating in a research report on Friday, July 26th. Jefferies Financial Group set a €560.00 ($651.16) target price on Kering and gave the stock a “buy” rating in a report on Tuesday. Bank of America set a €525.00 ($610.47) target price on Kering and gave the stock a “buy” rating in a report on Friday, September 13th. Sanford C. Bernstein set a €540.00 ($627.91) target price on Kering and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. set a €600.00 ($697.67) target price on Kering and gave the stock a “buy” rating in a report on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of €554.33 ($644.57).
Kering stock opened at €471.85 ($548.66) on Thursday. The company’s 50-day moving average price is €448.72. Kering has a 52-week low of €231.35 ($269.01) and a 52-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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