In a report released today, Joe Lachky from Wells Fargo reiterated a Hold rating on Coty Inc (COTY), with a price target of $11. The company’s shares opened today at $11.58.
Lachky observed:
“We see shares range bound in the near-term and reiterate our Market Perform rating.”
The word on The Street in general, suggests a Hold analyst consensus rating for Coty Inc with a $11.67 average price target.
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The company has a one-year high of $17.10 and a one-year low of $5.91. Currently, Coty Inc has an average volume of 17.32M.
Based on the recent corporate insider activity of 19 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.
