In a report released today, Trevor Stirling from Bernstein maintained a Buy rating on Davide Campari-Milano SpA, with a price target of €10.00. The company’s shares closed last Friday at €6.40.
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Stirling covers the Consumer Defensive sector, focusing on stocks such as Diageo, Pernod Ricard, and Remy Cointreau. According to TipRanks, Stirling has an average return of -0.1% and a 48.39% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Davide Campari-Milano SpA with a €6.83 average price target, implying a 6.65% upside from current levels. In a report released on July 8, Kepler Capital also maintained a Buy rating on the stock with a €7.20 price target.
Based on Davide Campari-Milano SpA’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €1.55 billion and a GAAP net loss of €18.1 million. In comparison, last year the company earned a revenue of €1.46 billion and had a net profit of €113.6 million
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 58H in relation to earlier this year.
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