LVMH Moet Hennessy Louis Vuitton sees profits rise across the board

Barsaba Taglieri
Luglio 27, 2017

MC has been the subject of a number of other research reports. Credit Suisse Group set a €225.00 ($261.63) price objective on shares of LVMH Moet Hennessy Louis Vuitton SE and gave the stock a "buy" rating in a report on Tuesday, April 11th. Berenberg Bank set a €200.00 ($232.56) price objective on shares of LVMH Moet Hennessy Louis Vuitton SE and gave the stock a "neutral" rating in a report on Thursday, April 6th. HSBC Holdings plc lowered LVMH Moet Hennessy Louis Vuitton SE from a "buy" rating to a "hold" rating in a research note on Wednesday, June 21st.

Shares of LVMH Moet Hennessy Louis Vuitton SE (MC) traded down 0.89% during trading on Thursday, reaching €216.05. The company's shares are up about 20 percent since the start of the year, as investors have welcomed the improved outlook and a €6.5 billion deal for LMVH to take full control of Christian Dior. The stock has a market capitalization of €109.44 billion and a price-to-earnings ratio of 27.63. LVMH Moet Hennessy Louis Vuitton SE has a 12-month low of €138.50 and a 12-month high of €239.65. The company has a 50 day moving average of €223.62 and a 200 day moving average of €209.76. The legal version of this piece can be viewed at https://www.baseball-news-blog.com/2017/07/26/zacks-lvmh-moet-hennessy-louis-vuitton-se-nasdaqlvmuy-given-consensus-recommendation-of-buy-by-brokerages-updated.html.

TRADEMARK VIOLATION NOTICE: "Morgan Stanley Analysts Give LVMH Moet Hennessy Louis Vuitton SE (MC) a €225.00 Price Target" was posted by Sports Perspectives and is the sole property of of Sports Perspectives.

LVMH, which like the wider industry has benefited from a recovery in Chinese appetite for luxury goods after an economic slowdown, had cautioned in April that its strong first quarter performance may not be sustainable. Watches & jewelry also witnessed good first half with organic revenue growth of 13 percent and 14 percent on a reported basis, while profit from recurring operations was up 14 percent. The Company has approximately 70 brands and over 3,950 stores around the world.

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