Luxottica Group (OTCMKTS:LUXTY) Lifted to “Sector Perform” at Royal Bank of Canada

Luxottica Group (OTCMKTS:LUXTY) was upgraded by investment analysts at Royal Bank of Canada from an “underperform” rating to a “sector perform” rating in a research report issued on Monday, October 29th.

A number of other research firms have also recently weighed in on LUXTY. Zacks Investment Research upgraded shares of Luxottica Group from a “sell” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Thursday, August 23rd. ValuEngine upgraded shares of Luxottica Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd.

Shares of OTCMKTS:LUXTY traded down $0.59 during trading on Monday, reaching $57.20. The stock had a trading volume of 26,243 shares, compared to its average volume of 308,115. Luxottica Group has a one year low of $56.45 and a one year high of $69.03. The stock has a market capitalization of $28.03 billion, a P/E ratio of 24.98, a P/E/G ratio of 4.88 and a beta of 0.46. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.88 and a current ratio of 1.18.

Luxottica Group Company Profile

Luxottica Group S.p.A., together with its subsidiaries, provides fashion, luxury, sports, and performance eyewear worldwide. It operates through two segments, Manufacturing and Wholesale Distribution, and Retail Distribution. The Manufacturing and Wholesale Distribution segment engages in the design, manufacture, distribution, and marketing of proprietary and designer lines of prescription frames and sunglasses.

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