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 | 304.60 |
| Change Today | -2.20 |
| % Change | -0.72 % |
| 52 Week High | 344.95 |
| 52 Week Low | 156.92 |
| Volume | 231,321 |
| Shares Issued | 123.00m |
| Market Cap | 37,466m |
| Beta | 1.24 |
| Strong Buy | 3 |
| Buy | 2 |
| Neutral | 12 |
| Sell | 4 |
| Strong Sell | 2 |
| Total | 23 |

| Time | Volume / Share Price |
| 17:39 | 8 @ 304.60 |
| 17:35 | 79 @ 304.60 |
| 17:35 | 193 @ 304.60 |
| 17:35 | 54 @ 304.60 |
| 17:35 | 174 @ 304.60 |
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