Luxottica Group SpA (LUX) Shares Gap Up to $48.20
Luxottica Group SpA (NYSE:LUX) shares gapped up prior to trading on Thursday . The stock had previously closed at $47.93, but opened at $48.20. Luxottica Group SpA shares last traded at $49.10, with a volume of 17,165 shares traded.
Several research analysts have recently commented on LUX shares. Zacks Investment Research raised Luxottica Group SpA from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Credit Suisse Group AG started coverage on Luxottica Group SpA in a research note on Wednesday, June 15th. They issued an “outperform” rating on the stock. Royal Bank Of Canada cut Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 8th. RBC Capital Markets cut Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 8th. Finally, Raymond James Financial Inc. upgraded Luxottica Group SpA from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 4th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold”.
The firm’s 50 day moving average price is $48.47 and its 200 day moving average price is $53.23. The stock has a market capitalization of $23.59 billion and a price-to-earnings ratio of 27.31.
Luxottica Group S.p.A. is a holding company. The Company is engaged in the design, manufacture and distribution of fashion, luxury, sport and performance eyewear. The Company operates through two segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in design, manufacturing, wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products.
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