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Coty (COTY) Receives a Buy from RBC Capital

In a report issued on July 7, Nik Modi from RBC Capital maintained a Buy rating on Coty (COTYResearch Report), with a price target of $14.00. The company’s shares closed last Friday at $7.68.

According to TipRanks.com, Modi is a 5-star analyst with an average return of 9.4% and a 63.4% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Reynolds Consumer Products, and Spectrum Brands Holdings.

Currently, the analyst consensus on Coty is a Moderate Buy with an average price target of $10.66, which is a 35.8% upside from current levels. In a report issued on June 24, Citigroup also maintained a Buy rating on the stock with a $15.00 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 9.37M.

Based on the recent corporate insider activity of 26 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on COTY:

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