PRADA S P A/ADR (OTCMKTS:PRDSY) Receives $24.83 Average PT from Brokerages

PRADA S P A/ADR (OTCMKTS:PRDSY) has been given a consensus rating of “Hold” by the nine analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $24.20.

Several equities research analysts recently weighed in on PRDSY shares. Goldman Sachs Group cut their price objective on PRADA S P A/ADR from $20.40 to $19.60 and set a “sell” rating on the stock in a report on Monday, March 30th. Morgan Stanley raised PRADA S P A/ADR from an “equal weight” rating to an “overweight” rating in a research note on Wednesday. Citigroup upgraded PRADA S P A/ADR from a “sell” rating to a “buy” rating in a report on Thursday, March 19th. JPMorgan Chase & Co. raised their price objective on shares of PRADA S P A/ADR from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Finally, Sanford C. Bernstein raised shares of PRADA S P A/ADR from a “market perform” rating to an “outperform” rating in a report on Thursday, March 12th.

Shares of OTCMKTS:PRDSY remained flat at $$6.97 during trading on Friday. 172 shares of the stock traded hands, compared to its average volume of 12,795. PRADA S P A/ADR has a 52 week low of $4.27 and a 52 week high of $8.37. The stock has a fifty day simple moving average of $6.92 and a 200 day simple moving average of $6.90.

About PRADA S P A/ADR

Prada S.p.A., together with its subsidiaries, designs, produces, sells, and distributes leather goods, handbags, footwear, apparel, and accessories in Europe, the Americas, the Asia Pacific, Japan, the Middle East, and Africa. The company offers its products under the Prada, Miu Miu, Church's, Car Shoe, and Pasticceria Marchesi brands.

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Analyst Recommendations for PRADA S P A/ADR (OTCMKTS:PRDSY)

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