Luxottica Group SpA’s Reduce Rating Reaffirmed at Nomura (LUX)

Luxottica Group SpA (BIT: LUX)‘s stock had its “reduce” rating restated by Nomura in a research note issued on Friday, AnalystRatings.Net reports. They currently have a €35.00 ($45.45) price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Bryan Garnier & Cie reiterated a “buy” rating on shares of Luxottica Group SpA in a research note to investors on Thursday. They now have a €44.00 ($57.14) price target on the stock. Separately, analysts at AlphaValue reiterated a “sell” rating on shares of Luxottica Group SpA in a research note to investors on Thursday, May 16th. They now have a €27.50 ($35.71) price target on the stock. Finally, analysts at Mediobanca SpA reiterated a “neutral” rating on shares of Luxottica Group SpA in a research note to investors on Tuesday, April 30th. They now have a €37.80 ($49.09) price target on the stock.

Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of €35.38 ($45.95).

Shares of Luxottica Group SpA (BIT: LUX) traded up 0.05% during mid-day trading on Friday, hitting €41.1700. Luxottica Group SpA has a one year low of €24.6100 and a one year high of €42.9700. The stock’s 50-day moving average is currently €28.06. The company has a market cap of €19.407 billion and a P/E ratio of 34.01.

Luxottica Group SpA is an Italy-based company engaged in the design, manufacturing and distribution of prescription frames, sports eyewear and sunglasses.

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