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 | 574.90 |
Change Today | -0.50 |
% Change | -0.09 % |
52 Week High | 872.80 |
52 Week Low | 566.90 |
Volume | 361,231 |
Shares Issued | 502.05m |
Market Cap | 288,627m |
Beta | 1.48 |
Strong Buy | 6 |
Buy | 10 |
Neutral | 11 |
Sell | 0 |
Strong Sell | 0 |
Total | 27 |
Time | Volume / Share Price |
17:38 | 2 @ 574.90 |
17:38 | 13 @ 574.90 |
17:38 | 8 @ 574.90 |
17:38 | 15 @ 574.90 |
17:38 | 22 @ 574.90 |
You are here: research