Coty Inc. (NYSE:COTY) has been given a $24.00 target price by equities researchers at BMO Capital Markets in a report released on Tuesday, August 22nd. The brokerage presently has a “buy” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 46.79% from the stock’s previous close.
Several other equities research analysts have also issued reports on COTY. Barclays PLC set a $19.00 price target on Coty and gave the company a “hold” rating in a research report on Saturday, May 13th. Jefferies Group LLC started coverage on Coty in a research report on Friday, June 2nd. They set a “hold” rating and a $17.00 price target on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $22.00 price target on shares of Coty in a research report on Thursday, June 8th. Societe Generale started coverage on Coty in a research report on Monday, June 12th. They set a “buy” rating and a $21.00 price target on the stock. Finally, BidaskClub lowered Coty from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Coty presently has a consensus rating of “Hold” and a consensus price target of $20.54.
Coty (COTY) traded down 0.85% on Tuesday, hitting $16.35. 5,454,809 shares of the company traded hands. Coty has a 12 month low of $15.83 and a 12 month high of $25.34. The stock’s 50-day moving average is $18.63 and its 200 day moving average is $18.61. The firm’s market capitalization is $12.24 billion.
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In other Coty news, CEO Camillo Pane acquired 48,485 shares of Coty stock in a transaction that occurred on Thursday, August 24th. The stock was 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 owns 336,142 shares in the company, valued at $5,546,343. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Cosmetics B.V. Jab acquired 2,600,000 shares of Coty stock in a transaction that occurred on Monday, August 28th. The stock was acquired at an average cost of $16.30 per share, with a total value of $42,380,000.00. Following the completion of the purchase, the insider now owns 276,408,041 shares in the company, valued at approximately $4,505,451,068.30. The disclosure for this purchase can be found here. Insiders have purchased 2,896,917 shares of company stock valued at $47,496,904 in the last ninety days. Company insiders own 16.10% of the company’s stock.
Coty Company Profile
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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