Societe Generale reported on Ferrari (NYSE:RACE), stepping up its target to $45.00 today
- Updated: October 13, 2016
Displaying a price of $53.51, Ferrari (NYSE:RACE) traded -1.16% lower on the day. The last stock price is up 17.70% from the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. RACE has recorded a 50-day moving average of $49.93 and a 200-day moving average of $44.94. 578,699 shares of RACE traded hands, up from an average trading volume of 453,700
Ferrari (NYSE:RACE) had its price target upped to $45.00 by Societe Generale in a report released 10/13/2016. The raised target suggests a potential downside of -0.16% from the company's previous close.
Previously on 10/12/2016, UBS released a statement about Ferrari (NYSE:RACE) raised the target price from $53.00 to $60.00 that suggested an upside of 0.13%.
Recent Performance Chart
Ferrari has 52 week low of $31.66 and a 52 week high of $60.97 with a price-earnings ratio of 27.75 and has a total market value of $0.
A total of 7 equity analysts have released a research note on the company. 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $49.49.
General Company Details For Ferrari (NYSE:RACE)
Ferrari N.V., together with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers seven models, including four sports cars comprising 488 GTB, 488 Spider, F12berlinetta, and special series F12 Tour de France; and three GT cars that include California T, FF, and GTC4Lusso. It also produces LaFerrari, a limited edition supercar; Fuoriserie, a very limited editions series; and one-off cars; non-registered racing cars; and parts, as well as offers repair, maintenance, and restoration services for cars. In addition, the company licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods; and Ferrari World, a theme park in Abu Dhabi. As of December 31, 2015, it had a network of 25 franchised stores and 12 owned Ferrari stores, as well as store.ferrari.com Website. The company sells its products through a network of 176 independent dealers operating 198 points of sale across 60 markets worldwide. Further, it provides direct or indirect finance, and leasing services for the purchase of cars to retail clients and dealers; participates in the Formula 1 racing activities through Scuderia Ferrari; and manages race tracks, as well as holds real estate properties. The company has collaboration agreement with Altair to design and engineer the next generation vehicle platform. Ferrari N.V. was founded in 1947 and is headquartered in Maranello, Italy.
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