Bank of America initiated coverage on shares of Ermenegildo Zegna (NYSE:ZGN – Get Rating) in a research note released on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $13.00 price objective on the stock.
Separately, UBS Group dropped their target price on shares of Ermenegildo Zegna to $10.00 in a report on Thursday, June 9th.
Ermenegildo Zegna Stock Down 2.1 %
Shares of ZGN stock opened at $10.28 on Tuesday. The firm’s 50 day moving average is $10.69 and its 200 day moving average is $10.44. Ermenegildo Zegna has a 12 month low of $8.89 and a 12 month high of $12.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.61.
Hedge Funds Weigh In On Ermenegildo Zegna
Ermenegildo Zegna Company Profile
Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.
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