Kepler Capital analyst Thomas Besson maintained a Hold rating on Ferrari (RACE – Research Report) on April 22 and set a price target of €400.00. The company’s shares closed yesterday at $424.74.
According to TipRanks, Besson is ranked #7514 out of 8719 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ferrari with a $431.45 average price target, representing a 1.58% upside. In a report released on April 22, Jefferies also maintained a Hold rating on the stock with a €375.00 price target.
The company has a one-year high of $439.98 and a one-year low of $271.65. Currently, Ferrari has an average volume of 301.4K.
Based on the recent corporate insider activity of 57 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 RACE in relation to earlier this year.
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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.
