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.
Email this article to a friend
or share it with one of these popular networks:
Currency | Euro |
Share Price | 471.25 |
Change Today | 1.15 |
% Change | 0.24 % |
52 Week High | 762.70 |
52 Week Low | 467.70 |
Volume | 289,488 |
Shares Issued | 262.00m |
Market Cap | 123,468m |
Beta | 1.36 |
Strong Buy | 7 |
Buy | 8 |
Neutral | 15 |
Sell | 1 |
Strong Sell | 1 |
Total | 32 |
Time | Volume / Share Price |
17:35 | 1 @ 471.25 |
17:35 | 139 @ 471.25 |
17:35 | 45 @ 471.25 |
17:35 | 484 @ 471.25 |
17:35 | 146 @ 471.25 |
You are here: research