Kering (EPA:KER) Given a €608.00 Price Target at Goldman Sachs Group

Kering (EPA:KER) has been assigned a €608.00 ($706.98) price objective by investment analysts at Goldman Sachs Group in a report issued on Tuesday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s target price points to a potential upside of 14.65% from the company’s previous close.

KER has been the topic of a number of other reports. HSBC set a €600.00 ($697.67) price objective on Kering and gave the company a “buy” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. set a €600.00 ($697.67) price objective on Kering and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley set a €480.00 ($558.14) target price on Kering and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Bank of America set a €525.00 ($610.47) target price on Kering and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, Jefferies Financial Group set a €560.00 ($651.16) price target on Kering and gave the company a “buy” rating in a report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of €559.14 ($650.17).

KER traded down €10.10 ($11.74) on Tuesday, hitting €530.30 ($616.63). The company had a trading volume of 320,160 shares, compared to its average volume of 233,612. Kering has a 12-month low of €231.35 ($269.01) and a 12-month high of €417.40 ($485.35). The business’s fifty day simple moving average is €518.19 and its 200 day simple moving average is €488.37.

About Kering

Kering SA develops, designs, manufactures, markets, and sells apparel and accessories worldwide. The company offers shoes; leather goods, including handbags and wallets, and other leather products; eyewear and textile accessories; jewelry and watches; and T-shirts, sweatshirts, polo shirts, etc., as well as ready-to-wear products for men and women.

Further Reading: Buy Rating

Analyst Recommendations for Kering (EPA:KER)

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