Moncler (OTCMKTS:MONRF) Price Target Lowered to €60.00 at Barclays

Moncler (OTCMKTS:MONRFGet Rating) had its target price reduced by Barclays from €62.00 ($63.27) to €60.00 ($61.22) in a research report released on Thursday, The Fly reports.

Other equities analysts have also issued reports about the stock. Berenberg Bank lowered their price objective on shares of Moncler from €57.00 ($58.16) to €45.00 ($45.92) in a research report on Wednesday, September 7th. Societe Generale reduced their target price on Moncler from €71.00 ($72.45) to €60.00 ($61.22) in a report on Wednesday, June 29th. HSBC raised Moncler from a hold rating to a buy rating in a report on Monday, June 27th. Royal Bank of Canada raised Moncler from an underperform rating to a sector perform rating and set a $47.00 target price for the company in a report on Tuesday, July 5th. Finally, UBS Group raised their target price on Moncler from €59.50 ($60.71) to €62.00 ($63.27) in a report on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Moncler presently has a consensus rating of Moderate Buy and a consensus price target of $55.33.

Moncler Stock Performance

OTCMKTS:MONRF opened at $45.00 on Thursday. The firm’s fifty day moving average price is $46.82 and its 200 day moving average price is $48.20. Moncler has a 1-year low of $39.08 and a 1-year high of $78.05.

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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