Barclays Cuts Moncler (OTCMKTS:MONRF) Price Target to €60.00

Moncler (OTCMKTS:MONRFGet Rating) had its price target reduced by Barclays from €62.00 ($63.27) to €60.00 ($61.22) in a report issued on Thursday, The Fly reports.

Other analysts have also recently issued research reports about the company. UBS Group lifted their price target on Moncler from €59.50 ($60.71) to €62.00 ($63.27) in a report on Thursday, July 28th. Berenberg Bank decreased their target price on Moncler from €57.00 ($58.16) to €45.00 ($45.92) in a report on Wednesday, September 7th. Royal Bank of Canada upgraded Moncler from an underperform rating to a sector perform rating and set a $47.00 target price for the company in a report on Tuesday, July 5th. HSBC upgraded Moncler from a hold rating to a buy rating in a report on Monday, June 27th. Finally, Societe Generale decreased their target price on Moncler from €71.00 ($72.45) to €60.00 ($61.22) in a report on Wednesday, June 29th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $55.33.

Moncler Stock Performance

MONRF opened at $45.00 on Thursday. The business has a 50-day moving average of $46.82 and a two-hundred day moving average of $48.20. Moncler has a 12 month low of $39.08 and a 12 month high of $78.05.

Moncler Company Profile

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Moncler S.p.A., together with its subsidiaries, designs, produces, and distributes clothing and related accessories for men, women, and children under the Moncler and Stone Island brand names. Its product portfolio includes footwear products; leather goods, such as bags, backpacks, and accessories; and sunglasses, eyeglasses, frames, and men's and women's ski goggles under the Moncler Lunettes brand.

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