Zacks: Luxottica Group SpA (LUXTY) Given Average Recommendation of “Sell” by Brokerages

Shares of Luxottica Group SpA (NASDAQ:LUXTY) have been assigned an average broker rating score of 4.00 (Sell) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating and one has assigned a hold rating to the company. Luxottica Group SpA’s rating score has declined by 33.3% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Brokers have set a twelve-month consensus target price of $41.00 for the company, according to Zacks. Zacks has also given Luxottica Group SpA an industry rank of 47 out of 265 based on the ratings given to related companies.

Several research firms have recently weighed in on LUXTY. Royal Bank Of Canada downgraded Luxottica Group SpA from a “sector perform” rating to an “underperform” rating in a report on Wednesday, September 20th. Zacks Investment Research downgraded Luxottica Group SpA from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th.

Luxottica Group SpA (NASDAQ:LUXTY) opened at 53.79 on Thursday. The firm has a market capitalization of $26.09 billion and a price-to-earnings ratio of 30.39. The stock has a 50 day moving average price of $56.49 and a 200-day moving average price of $57.86. Luxottica Group SpA has a one year low of $45.25 and a one year high of $62.57.

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Luxottica Group SpA Company Profile

Luxottica Group S.p.A. is a holding company. The Company is engaged in the design, manufacture and distribution of fashion, luxury, sport and performance eyewear. The Company operates through two segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in design, manufacturing, wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products.

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