Kering’s (KER) “Buy” Rating Reiterated at Goldman Sachs Group

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Goldman Sachs Group reiterated their buy rating on shares of Kering (EPA:KER) in a report released on Tuesday morning, Borsen Zeitung reports.

Other analysts have also issued research reports about the company. HSBC set a €610.00 ($685.39) price objective on Kering and gave the company a buy rating in a research note on Thursday, May 7th. Sanford C. Bernstein set a €550.00 ($617.98) price target on Kering and gave the company a neutral rating in a report on Monday, June 15th. UBS Group set a €580.00 ($651.69) price objective on shares of Kering and gave the company a buy rating in a report on Friday, July 3rd. Deutsche Bank set a €455.00 ($511.24) target price on shares of Kering and gave the stock a neutral rating in a research note on Wednesday, April 22nd. Finally, Bryan, Garnier & Co set a €560.00 ($629.21) price target on shares of Kering and gave the company a buy rating in a research note on Wednesday, March 25th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of €548.40 ($616.18).

Shares of KER stock opened at €498.80 ($560.45) on Tuesday. Kering has a 52-week low of €231.35 ($259.94) and a 52-week high of €417.40 ($468.99). The firm’s 50-day moving average is €485.91 and its 200-day moving average is €506.04.

Kering Company Profile

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.

Further Reading: How to calculate the intrinsic value of a stock

Analyst Recommendations for Kering (EPA:KER)

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