JPMorgan Chase Reiterates Overweight on PPR SA (PP)
PPR SA traded up 4.85% on Friday, hitting €137.25. 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 €17.291 billion and a price-to-earnings ratio of 16.30.
Several other analysts have also recently commented on the stock. Analysts at AlphaValue reiterated a “buy” rating on shares of PPR SA in a research note to investors on Thursday, October 18th. They now have a $214.47 price target on the stock. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of PPR SA in a research note to investors on Wednesday, October 17th. They now have a $223.68 price target on the stock. Finally, analysts at CIC Securities reiterated a “buy” rating on shares of PPR SA in a research note to investors on Tuesday, October 16th. They now have a $194.81 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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