Barclays Initiates Coverage on Moncler (OTCMKTS:MONRY)

Investment analysts at Barclays began coverage on shares of Moncler (OTCMKTS:MONRY) in a research note issued on Tuesday, The Fly reports. The brokerage set an “equal weight” rating on the stock.

A number of other equities research analysts have also recently issued reports on MONRY. Societe Generale reiterated a “buy” rating on shares of Moncler in a research note on Wednesday, July 28th. UBS Group reiterated a “neutral” rating on shares of Moncler in a research report on Wednesday, June 23rd. Morgan Stanley reissued an “equal weight” rating on shares of Moncler in a research note on Wednesday, July 28th. Berenberg Bank reissued a “hold” rating on shares of Moncler in a research note on Wednesday, July 14th. Finally, The Goldman Sachs Group cut Moncler from a “buy” rating to a “neutral” rating in a research note on Friday, July 9th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Moncler currently has an average rating of “Hold”.

Moncler stock traded down $4.05 during mid-day trading on Tuesday, reaching $60.70. The company’s stock had a trading volume of 157 shares, compared to its average volume of 1,401. The business has a 50 day moving average price of $68.74 and a 200-day moving average price of $65.42. Moncler has a twelve month low of $40.00 and a twelve month high of $71.30.

Moncler Company Profile

Moncler S.p.A., together with its subsidiaries, designs, produces, and distributes clothing and related accessories for men, women, and children under the Moncler brand name. Its product portfolio includes footwear products; leather goods, such as bags, backpacks, and accessories; and sunglasses, eyeglasses, frames, and men's and women's ski goggles under the Moncler Lunettes brand.

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