PRADA S P A/ADR (OTCMKTS:PRDSY) Given Average Recommendation of “Hold” by Brokerages

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

A number of research firms recently weighed in on PRDSY. Citigroup raised PRADA S P A/ADR from a “sell” rating to a “buy” rating in a report on Thursday, March 19th. Goldman Sachs Group lowered their target price on PRADA S P A/ADR from $20.40 to $19.60 and set a “sell” rating for the company in a research note on Monday, March 30th. Deutsche Bank cut PRADA S P A/ADR from a “buy” rating to a “hold” rating in a report on Tuesday. 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. Finally, HSBC dropped their target price on shares of PRADA S P A/ADR from $27.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, May 7th.

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

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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