Kering (PP) Receives €175.75 Consensus Price Target from Brokerages
Kering (EPA:PP) has earned a consensus rating of “Buy” from the twelve brokerages that are covering the stock. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is €174.27 ($183.44).
Separately, Goldman Sachs Group Inc. set a €213.00 ($224.21) target price on shares of Kering and gave the company a “buy” rating in a report on Friday, October 21st.
Kering SA is a France-based company that specializes in retail and luxury goods distribution. The Company operates through two core segments: LUXURY, which operates the Luxury Group division of PPR SA and designs, manufactures and markets luxury items, such as ready-to-wear clothing, leather goods, shoes, watches, jewelry, fragrances and cosmetics products; and Sport & Lifestyle segment, which designs and develops footwear, apparel and accessories under the brand names Puma, Volcom and Electrics.
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