Trade Report: Today, Berenberg Bank Begins Coverage on Ferrari NV (RACE)

Today, Berenberg Bank Begins Coverage on Ferrari NV (RACE)

Berenberg Bank initiated coverage on shares of Ferrari NV (NYSE:RACE) in a research report released on Tuesday morning. The brokerage issued a buy rating on the stock.

A number of other analysts have also recently commented on RACE. Societe Generale began coverage on shares of Ferrari NV in a research note on Thursday, October 13th. They issued a sell rating and a $45.00 target price for the company. Morgan Stanley lifted their target price on shares of Ferrari NV from $54.00 to $56.00 and gave the stock an overweight rating in a research note on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $48.74.

Shares of Ferrari NV (NYSE:RACE) opened at 53.70 on Tuesday. Ferrari NV has a 52 week low of $31.66 and a 52 week high of $54.99. The stock has a 50 day moving average of $53.08 and a 200-day moving average of $47.12. The stock has a market capitalization of $10.15 billion and a PE ratio of 27.71.

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