Luxottica Group SpA (LUX) Shares Gap Up to $48.20
Shares of Luxottica Group SpA (NYSE:LUX) 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 trading hands.
A number of equities analysts have issued reports on LUX shares. Zacks Investment Research upgraded 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 set an “outperform” rating for the company. Royal Bank Of Canada downgraded Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 8th. RBC Capital Markets downgraded Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a research note 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 note on Wednesday, May 4th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold”.
The firm has a 50-day moving average price of $48.47 and a 200 day moving average price of $53.16. The firm has a market cap of $23.36 billion and a PE ratio of 27.10.
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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