Shares of Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY – Get Rating) have received an average rating of “Reduce” from the eight research firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $15.20.
SFRGY has been the subject of a number of analyst reports. Barclays dropped their price target on Salvatore Ferragamo from €15.00 ($15.31) to €14.00 ($14.29) in a research report on Tuesday. Morgan Stanley lowered their price objective on Salvatore Ferragamo from €16.00 ($16.33) to €14.50 ($14.80) and set an “underweight” rating for the company in a research report on Wednesday, September 7th. UBS Group increased their price objective on Salvatore Ferragamo from €12.70 ($12.96) to €13.00 ($13.27) in a research report on Thursday, September 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Salvatore Ferragamo from €20.00 ($20.41) to €17.00 ($17.35) and set a “hold” rating for the company in a research report on Friday, May 20th.
Salvatore Ferragamo Stock Performance
SFRGY stock opened at $7.44 on Thursday. The business has a 50 day simple moving average of $8.34 and a 200-day simple moving average of $8.45. Salvatore Ferragamo has a 1 year low of $7.05 and a 1 year high of $13.42.
About Salvatore Ferragamo
Salvatore Ferragamo S.p.A., through its subsidiaries, creates, produces, and sells luxury goods for men and women in Italy, rest of Europe, North America, Japan, the Asia Pacific, and Central and South America. The company offers men's and women's footwear; leather goods, such as handbags, suitcases, belts, wallets, and other men's and women's leather accessories; and knitwear, clothes for formal occasions, sportswear, and leisure wear, as well as outerwear, such as husky jackets, ponchos, and leather garments.
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