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 | 613.13 |
| Change Today | 1.63 |
| % Change | 0.27 % |
| 52 Week High | 754.80 |
| 52 Week Low | 437.55 |
| Volume | 50,952 |
| Shares Issued | 262.00m |
| Market Cap | 160,639m |
| Beta | 1.28 |
| Strong Buy | 9 |
| Buy | 7 |
| Neutral | 11 |
| Sell | 1 |
| Strong Sell | 1 |
| Total | 29 |

| Time | Volume / Share Price |
| 10:45 | 2 @ 613.10 |
| 10:45 | 2 @ 613.00 |
| 10:45 | 14 @ 613.00 |
| 10:45 | 10 @ 613.00 |
| 10:45 | 5 @ 613.00 |
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