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 | 173.40 |
Change Today | -1.84 |
% Change | -1.05 % |
52 Week High | 341.75 |
52 Week Low | 156.92 |
Volume | 275,625 |
Shares Issued | 123.00m |
Market Cap | 21,328m |
Beta | 1.50 |
Strong Buy | 2 |
Buy | 0 |
Neutral | 17 |
Sell | 5 |
Strong Sell | 2 |
Total | 26 |
Time | Volume / Share Price |
17:37 | 78 @ 173.40 |
17:37 | 30 @ 173.40 |
17:35 | 129 @ 173.40 |
17:35 | 80 @ 173.40 |
17:35 | 2 @ 173.40 |
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