Trading Report: The LVMH-Moet Hennessy Louis Vuitton SA (LVMUY) Coverage Initiated by Analysts at Berenberg Bank

The LVMH-Moet Hennessy Louis Vuitton SA (LVMUY) Coverage Initiated by Analysts at Berenberg Bank

Berenberg Bank initiated coverage on shares of LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) in a research report released on Thursday morning. The firm issued a hold rating on the stock.

Several other research firms also recently commented on LVMUY. JPMorgan Chase & Co. restated a buy rating on shares of LVMH-Moet Hennessy Louis Vuitton SA in a research note on Tuesday. Goldman Sachs Group Inc. restated a buy rating on shares of LVMH-Moet Hennessy Louis Vuitton SA in a research note on Wednesday, July 27th. Finally, Citigroup Inc. restated a buy rating on shares of LVMH-Moet Hennessy Louis Vuitton SA in a research note on Monday, September 12th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. LVMH-Moet Hennessy Louis Vuitton SA has an average rating of Buy.

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) traded up 1.72% during midday trading on Thursday, reaching $36.64. 15,850 shares of the company’s stock traded hands. LVMH-Moet Hennessy Louis Vuitton SA has a 52-week low of $28.64 and a 52-week high of $37.83. The stock has a 50-day moving average of $34.42 and a 200 day moving average of $33.21. The company has a market cap of $92.20 billion, a P/E ratio of 22.40 and a beta of 1.34.

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