Puma (OTCMKTS:PUMSY) Price Target Cut to €109.00 by Analysts at UBS Group

Puma (OTCMKTS:PUMSYGet Rating) had its price target cut by stock analysts at UBS Group from €114.00 ($123.91) to €109.00 ($118.48) in a report issued on Wednesday, The Fly reports.

Other equities research analysts have also issued research reports about the company. Credit Suisse Group dropped their target price on Puma from €108.00 ($117.39) to €90.00 ($97.83) and set a “neutral” rating on the stock in a research report on Friday, February 25th. Societe Generale cut their price objective on shares of Puma from €122.00 ($132.61) to €121.00 ($131.52) in a research note on Friday, February 25th. Morgan Stanley reduced their target price on shares of Puma from €120.00 ($130.43) to €112.00 ($121.74) and set an “overweight” rating for the company in a report on Friday, February 25th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Puma from €123.00 ($133.70) to €120.00 ($130.43) and set a “buy” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on Puma from €120.00 ($130.43) to €115.00 ($125.00) in a report on Monday. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $111.17.

Puma stock traded up $0.10 during trading hours on Wednesday, hitting $8.00. 5,795 shares of the stock traded hands, compared to its average volume of 9,434. The firm’s 50 day moving average price is $8.88 and its 200-day moving average price is $10.76. Puma has a 1 year low of $6.78 and a 1 year high of $13.13.

Puma Company Profile (Get Rating)

PUMA SE, together with its subsidiaries, designs, develops, sells, and markets footwear, apparel, and accessories for men, women, and kids in Europe, the Middle East, Africa, the Americas, Greater China, and the Asia Pacific. The company offers performance and sport-inspired lifestyle products in categories, such as football, cricket, handball, rugby, volleyball, running, training and fitness, golf, and motorsports.

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Analyst Recommendations for Puma (OTCMKTS:PUMSY)

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