By Michele Maatouk
Date: Wednesday 22 Sep 2021
LONDON (ShareCast) - (Sharecast News) - Barclays initiated coverage on Wednesday of 11 stocks in the European luxury goods sector.
The bank said it's a secular growth and high-quality sector that has been trading at all-time highs, but the recent de-rating presents a "buying opportunity".
Barclays stated Swatch, Prada, LVMH, Richemont and Kering at 'overweight'. Meanwhile, Hermes, Moncler, Mulberry and Burberry were started at 'equalweight'. Tod's and Ferragamo were started at 'underweight' .
The bank said its preferred names are Swatch and LVMH, while its least preferred is Tod's.
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| Currency | Euro |
| Share Price | 327.90 |
| Change Today | -3.75 |
| % Change | -1.13 % |
| 52 Week High | 344.95 |
| 52 Week Low | 156.92 |
| Volume | 232,185 |
| Shares Issued | 123.00m |
| Market Cap | 40,332m |
| Beta | 1.27 |
| Strong Buy | 3 |
| Buy | 3 |
| Neutral | 11 |
| Sell | 4 |
| Strong Sell | 2 |
| Total | 23 |

| Time | Volume / Share Price |
| 17:36 | 39 @ 327.90 |
| 17:36 | 189 @ 327.90 |
| 17:36 | 195 @ 327.90 |
| 17:35 | 253 @ 327.90 |
| 17:35 | 151 @ 327.90 |
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