HSBC analyst Erwan Rambourg maintained a Buy rating on Tiffany & Co (TIF) today and set a price target of $110. The company’s shares closed last Monday at $91.28.
Rambourg has an average return of 11.2% when recommending Tiffany & Co.
According to TipRanks.com, Rambourg is ranked #2074 out of 5535 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tiffany & Co with a $99.83 average price target, a 13.2% upside from current levels. In a report issued on August 28, Guggenheim also reiterated a Buy rating on the stock with a $115 price target.
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Based on Tiffany & Co’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $136 million. In comparison, last year the company had a net profit of $145 million.
Based on the recent corporate insider activity of 50 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 TIF 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.
Tiffany & Co. is a holding company, which engages in product design, manufacturing, and retailing through its subsidiaries. The firm also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, fragrances, and accessories. It operates through the following geographical segments: Americas, Asia-Pacific, Japan, Europe, and Other.
