In a report released on October 13, Lauren Lieberman from Barclays maintained a Hold rating on Coty (COTY – Research Report), with a price target of $7.00. The company’s shares closed yesterday at $6.45.
Lieberman covers the Consumer Goods sector, focusing on stocks such as Church & Dwight, Clorox, and Coca-Cola. According to TipRanks, Lieberman has an average return of 1.9% and a 53.64% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coty with a $10.18 average price target, a 57.83% upside from current levels. In a report released on October 11, Morgan Stanley also maintained a Hold rating on the stock with a $8.25 price target.
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The company has a one-year high of $11.12 and a one-year low of $5.90. Currently, Coty has an average volume of 6.54M.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of COTY in relation to earlier this year.
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Coty, Inc. engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care, and mass fragrances. The Luxury segment comprises of prestige fragrances, premium skincare, and premium cosmetics. The Professional Beauty segment consists hair and nail care products for salon professionals. The company was founded by Francois Coty in 1904 and is headquartered in New York, NY.
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