Coty Inc. (NYSE:COTY) has been assigned a $24.00 price objective by investment analysts at BMO Capital Markets in a report issued on Tuesday, August 22nd. The brokerage currently has a “buy” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 45.72% from the stock’s current price.
COTY has been the topic of a number of other reports. BidaskClub lowered shares of Coty from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Societe Generale started coverage on shares of Coty in a research report on Monday, June 12th. They set a “buy” rating and a $21.00 price target on the stock. Wells Fargo & Company restated a “hold” rating on shares of Coty in a research report on Tuesday, August 22nd. Stifel Nicolaus set a $25.00 price target on shares of Coty and gave the stock a “buy” rating in a research report on Monday, August 21st. Finally, Barclays PLC set a $19.00 price target on shares of Coty and gave the stock a “hold” rating in a research report on Saturday, May 13th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $20.54.
Shares of Coty (NYSE:COTY) opened at 16.47 on Tuesday. Coty has a 52-week low of $15.83 and a 52-week high of $25.34. The stock’s market capitalization is $12.33 billion. The firm has a 50-day moving average price of $18.56 and a 200-day moving average price of $18.59.
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In other Coty news, CEO Camillo Pane bought 48,485 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were purchased at an average cost of $16.50 per share, with a total value of $800,002.50. Following the purchase, the chief executive officer now directly owns 336,142 shares in the company, valued at $5,546,343. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Greerson Greene Mcmullen bought 20,200 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were acquired at an average cost of $19.32 per share, for a total transaction of $390,264.00. Following the completion of the purchase, the insider now owns 99,507 shares in the company, valued at $1,922,475.24. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 3,036,935 shares of company stock worth $49,798,029. Company insiders own 16.10% of the company’s stock.
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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