Royal Bank of Canada Raises LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Price Target to €815.00

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUYGet Rating) had its price objective hoisted by investment analysts at Royal Bank of Canada from €790.00 ($840.43) to €815.00 ($867.02) in a research report issued to clients and investors on Thursday, The Fly reports. The firm presently has an “outperform” rating on the stock.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research raised LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Tuesday. Societe Generale boosted their price objective on LVMH Moët Hennessy – Louis Vuitton, Société Européenne from €860.00 ($914.89) to €900.00 ($957.45) and gave the stock a “buy” rating in a research note on Monday, February 7th. Barclays upped their price target on LVMH Moët Hennessy – Louis Vuitton, Société Européenne from €815.00 ($867.02) to €830.00 ($882.98) and gave the company an “overweight” rating in a research note on Tuesday, May 3rd. UBS Group upped their price target on LVMH Moët Hennessy – Louis Vuitton, Société Européenne from €807.00 ($858.51) to €826.00 ($878.72) in a research note on Thursday, April 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on LVMH Moët Hennessy – Louis Vuitton, Société Européenne from €680.00 ($723.40) to €700.00 ($744.68) in a research note on Thursday, April 14th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, LVMH Moët Hennessy – Louis Vuitton, Société Européenne presently has an average rating of “Buy” and an average target price of $717.57.

Shares of OTCMKTS:LVMUY traded down $0.81 during trading on Thursday, reaching $117.57. The stock had a trading volume of 291,430 shares, compared to its average volume of 216,213. The business has a fifty day moving average price of $132.03 and a 200-day moving average price of $147.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.63 and a current ratio of 1.23. LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a 1-year low of $113.26 and a 1-year high of $171.91.

About LVMH Moët Hennessy – Louis Vuitton, Société Européenne (Get Rating)

LVMH Moët Hennessy – Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers champagnes, wines, and spirits under the Clos des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Cape Mentelle, Newton Vineyard, Cloudy Bay, Belvedere, Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, and Volcan de mi Tierra brands.

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