CIC Securities Reiterates buy on PPR SA (PP)
PPR SA (EPA: PP)‘s stock had its “buy” rating reiterated by investment analysts at CIC Securities in a note issued to investors on Tuesday. They currently have a $194.81 (€150) target price on the stock.
Shares of PPR SA traded up 1.06% during mid-day trading on Tuesday, hitting €133.40. PPR SA has a 52 week low of €100.05 and a 52 week high of €136.90. The company has a market cap of €16.806 billion and a P/E ratio of 16.43.
A number of other firms have also recently commented on PP. Analysts at HSBC reiterated an “overweight” rating on shares of PPR SA in a research note to investors on Friday. They now have a $210.39 price target on the stock. Separately, analysts at Aurel – BGC reiterated a “buy” rating on shares of PPR SA in a research note to investors on Wednesday, October 10th. They now have a $179.49 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of PPR SA in a research note to investors on Friday, October 5th. They now have a $175.32 price target on the stock.
PPR SA is a France-based company that specializes in retail and luxury goods distribution. The Company operates through five core lines: FNAC, a retailer of cultural and technological products; REDCATS, an online retailer for fashion and home furnishing products; Sport & Lifestyle, that designs and develops footwear, apparel and accessories under the brand names Puma, Volcom and Electrics; and LUXURY, which operates the Luxury Group division of PPR SA and designs, manufactures and markets high-end luxury items, such as ready-to-wear clothing, leather goods, shoes, watches, jewelry, fragrances and cosmetics.
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