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 | 542.90 |
Change Today | 18.90 |
% Change | 3.61 % |
52 Week High | 754.80 |
52 Week Low | 437.55 |
Volume | 561,065 |
Shares Issued | 262.00m |
Market Cap | 142,240m |
Beta | 1.20 |
Strong Buy | 8 |
Buy | 7 |
Neutral | 13 |
Sell | 1 |
Strong Sell | 1 |
Total | 30 |
Time | Volume / Share Price |
17:39 | 851 @ 542.90 |
17:39 | 5 @ 542.90 |
17:39 | 10 @ 542.90 |
17:39 | 384 @ 542.90 |
17:35 | 1,789 @ 542.90 |
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