Kepler Cheuvreux upgraded Salvatore Ferragamo SpA (OTC:SFRGF) from Hold to Buy in a report released today.
- Updated: September 23, 2016
Kepler Cheuvreux has upgraded Salvatore Ferragamo SpA (OTC:SFRGF) from Hold to Buy in a report released on 9/23/2016.
Yesterday Salvatore Ferragamo SpA (OTC:SFRGF) traded 0.00% even at $23.13. The company’s 50-day moving average is $23.17 and its 200-day moving average is $22.48. The last stock close price is up 2.91% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 94
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Salvatore Ferragamo SpA has a price-earnings ratio of 19.87 with a one year low of $19.20 and a one year high of $27.05 SFRGF’s total market value is presently $0.
Brief Synopsis About Salvatore Ferragamo SpA (OTC:SFRGF)
Salvatore Ferragamo S.p.A., through its subsidiaries, creates, produces, and sells luxury goods for men and women worldwide. The company offers footwear; leather goods, such as handbags, suitcases, belts, wallets, and other leather accessories; and knitwear, clothes for formal occasions, and informal shirts, as well as outerwear comprising jackets, ponchos, and leather garments. It also provides silk accessories, including ties, foulards, and scarves; other accessories consisting of shawls and gloves; home accessories, such as plaid throws, cushions, and beach towels; and costume jewelry. The company also offers fragrances and bodycare products under the Salvatore Ferragamo and Emanuel Ungaro brand names; eyewear and watches; and gold, diamond, gemstone, and silver jewelry. The company also licenses its Salvatore Ferragamo brand; and provides real estate management services. As of December 31, 2015, it operated through a network of 391 Ferragamo branded directly operated stores; and 271 single brand stores or stores-in-stores managed by third parties, as well as through a multi-brand channel. The company was formerly known as Salvatore Ferragamo Italia S.p.A. and changed its name to Salvatore Ferragamo S.p.A. in April 2011. Salvatore Ferragamo S.p.A. was founded in 1927 and is based in Florence, Italy. Salvatore Ferragamo S.p.A. is a subsidiary of Ferragamo Finanziaria S.p.A.
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