Brunello Cucinelli (OTCMKTS:BCUCY) Shares Gap Down – Here’s What Happened

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) shares gapped down before the market opened on Friday. The stock had previously closed at $8.94, but opened at $8.5201. Brunello Cucinelli shares last traded at $8.97, with a volume of 426 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have weighed in on BCUCY. The Goldman Sachs Group began coverage on Brunello Cucinelli in a report on Sunday. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Brunello Cucinelli in a research report on Monday, August 3rd. Royal Bank Of Canada upgraded shares of Brunello Cucinelli from a “hold” rating to a “moderate buy” rating in a research note on Monday. Finally, Citigroup reiterated a “buy” rating on shares of Brunello Cucinelli in a research report on Thursday, September 17th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Brunello Cucinelli Price Performance

The business has a 50-day moving average of $9.63 and a 200 day moving average of $9.56.

Brunello Cucinelli Company Profile

Brunello Cucinelli S.p.A. is an Italian luxury fashion company founded in 1978 by Brunello Cucinelli. Based in Solomeo, Italy, the company is known for its use of high-quality cashmere and other premium materials, combining traditional craftsmanship with contemporary design.

The company designs, manufactures and distributes luxury apparel, including knitwear, outerwear, jackets, trousers and dresses for women and men. Its product range also includes shoes, handbags, leather goods, accessories and lifestyle items.