Kering (PP) Given a €320.00 Price Target at Berenberg Bank
A number of other analysts have also recently weighed in on PP. Deutsche Bank AG set a €270.00 ($300.00) target price on shares of Kering and gave the stock a neutral rating in a report on Tuesday, May 23rd. HSBC Holdings plc set a €350.00 ($388.89) target price on shares of Kering and gave the stock a buy rating in a report on Saturday, May 20th. Goldman Sachs Group Inc set a €272.00 ($302.22) price objective on shares of Kering and gave the stock a buy rating in a research note on Monday, April 24th. Sanford C. Bernstein set a €283.00 ($314.44) price objective on shares of Kering and gave the stock a neutral rating in a research note on Wednesday, April 26th. Finally, Citigroup Inc. set a €287.00 ($318.89) price objective on shares of Kering and gave the stock a buy rating in a research note on Wednesday, April 26th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of €286.18 ($317.98).
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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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