In a report released yesterday, Luca Solca from Bernstein maintained a Hold rating on Prada SpA (PRDSF – Research Report), with a price target of HK$62.00. The company’s shares closed yesterday at $7.73.
Solca covers the Consumer Cyclical sector, focusing on stocks such as Hermes International, Prada SpA, and The Swatch Group. According to TipRanks, Solca has an average return of 13.1% and a 63.87% success rate on recommended stocks.
In addition to Bernstein, Prada SpA also received a Hold from Goldman Sachs’s Louise Singlehurst in a report issued yesterday. However, on April 19, J.P. Morgan initiated coverage with a Buy rating on Prada SpA (Other OTC: PRDSF).
The company has a one-year high of $8.49 and a one-year low of $5.11. Currently, Prada SpA has an average volume of 5,432.
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Prada SpA (PRDSF) Company Description:
Prada SpA operates as a holding company, which engages in the manufacture and distribution of luxury goods. Its products include leather goods, handbags, footwear, apparel, accessories, eyewear, and fragrances. Its brands include Miu Miu, Church’s, Cas Shoe, and Pasticceria Marchesi. The company was founded by Mario Prada in 1913 and is headquartered in Milan, Italy.
