EssilorLuxottica Société anonyme (OTCMKTS:ESLOY) Downgraded by UBS Group to “Neutral”

UBS Group cut shares of EssilorLuxottica Société anonyme (OTCMKTS:ESLOY – Get Rating) from a buy rating to a neutral rating in a research note issued to investors on Wednesday, The Fly reports.

Other analysts have also issued research reports about the company. Societe Generale boosted their target price on EssilorLuxottica Société anonyme to €182.00 ($193.62) in a research report on Thursday, December 15th. Royal Bank of Canada lowered EssilorLuxottica Société anonyme from a sector perform rating to an underperform rating in a research report on Tuesday, January 10th. Finally, Citigroup assumed coverage on EssilorLuxottica Société anonyme in a research report on Monday, December 12th. They set a buy rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $173.80.

EssilorLuxottica Société anonyme Price Performance

Shares of OTCMKTS ESLOY opened at $84.82 on Wednesday. EssilorLuxottica Société anonyme has a 52-week low of $66.60 and a 52-week high of $98.47. The business’s 50 day moving average is $91.72 and its two-hundred day moving average is $85.05.

About EssilorLuxottica Société anonyme

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EssilorLuxottica SA engages in the design, manufacture, and distribution of ophthalmic lenses, frames and sunglasses. It operates through the following segments: Professional Solutions and Direct to Consumer. The Professional Solutions segment represent the wholesale business of the Group, i.e. the supply of the Group’s products and services to all the professionals of the eyecare industry (distributors, opticians, independents, third-party e-commerce platforms.