Farfetch (FTCH) Now Covered by BNP Paribas

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BNP Paribas started coverage on shares of Farfetch (NYSE:FTCH) in a research report released on Friday, MarketBeat.com reports. The brokerage issued a neutral rating and a $24.00 price target on the stock.

Other analysts have also recently issued research reports about the stock. Deutsche Bank initiated coverage on shares of Farfetch in a research note on Tuesday. They set a buy rating and a $28.00 price objective for the company. UBS Group initiated coverage on shares of Farfetch in a research note on Tuesday. They set a buy rating for the company. Goldman Sachs Group initiated coverage on shares of Farfetch in a research note on Tuesday. They set a neutral rating and a $24.00 price objective for the company. Credit Suisse Group initiated coverage on shares of Farfetch in a research note on Tuesday. They set an outperform rating and a $28.00 price objective for the company. Finally, Cowen initiated coverage on shares of Farfetch in a research note on Tuesday. They set an outperform rating for the company. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $26.83.

NYSE FTCH traded down $1.98 during trading hours on Friday, hitting $21.00. 959,519 shares of the company’s stock traded hands, compared to its average volume of 2,836,814. Farfetch has a 52-week low of $18.39 and a 52-week high of $32.40.

About Farfetch

Farfetch Ltd. engages in the retail of fashion and luxury goods. It offers womenswear, menswear, kidswear, vintage, fine watches, and fine jewelry. The company was founded by José Manuel Ferreira Neves on May 15, 2018 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Farfetch (NYSE:FTCH)

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