Kepler Capital analyst Thomas Besson maintained a Hold rating on Ferrari (RACE – Research Report) on March 22 and set a price target of €350.00. The company’s shares closed last Friday at $433.29.
According to TipRanks, Besson is an analyst with an average return of -2.0% and a 51.73% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ferrari with a $407.76 average price target, a -5.89% downside from current levels. In a report released on March 20, Bernstein also maintained a Hold rating on the stock with a €365.00 price target.
The company has a one-year high of $435.53 and a one-year low of $259.39. Currently, Ferrari has an average volume of 329.1K.
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.
Ferrari (RACE) Company Description:
Italy-based Ferrari NV designs, manufactures and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; Fuori series, one-off, and track cars; and Icona cars. It also provides non-registered racing cars; and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars. It participates in car racing such as Formula One.
Read More on RACE:
