Moncler (OTCMKTS:MONRF) Price Target Cut to €58.00

Moncler (OTCMKTS:MONRFGet Rating) had its target price trimmed by Morgan Stanley from €62.00 ($65.26) to €58.00 ($61.05) in a report published on Friday, The Fly reports. The firm currently has an equal weight rating on the stock.

A number of other brokerages also recently commented on MONRF. UBS Group upped their price objective on shares of Moncler from €68.00 ($71.58) to €68.50 ($72.11) and gave the stock a buy rating in a research report on Monday, April 4th. Jefferies Financial Group upgraded shares of Moncler from a hold rating to a buy rating in a report on Thursday, February 10th. Finally, Barclays upgraded shares of Moncler from an equal weight rating to an overweight rating in a report on Friday, April 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Moncler currently has an average rating of Buy and an average target price of $61.67.

Moncler stock remained flat at $$46.68 during trading hours on Friday. 200 shares of the company’s stock were exchanged, compared to its average volume of 782. Moncler has a 52 week low of $46.68 and a 52 week high of $78.05. The company’s 50-day moving average price is $54.04 and its 200 day moving average price is $64.74.

Moncler Company Profile (Get Rating)

Moncler S.p.A., together with its subsidiaries, designs, produces, and distributes clothing and related accessories for men, women, and children under the Moncler and Stone Island brand names. 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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