JPMorgan Chase & Co. initiated coverage on shares of Coty (NYSE:COTY) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.
A number of other firms have also recently commented on COTY. Analysts at Stifel Nicolaus reiterated a “hold” rating on shares of Coty in a research note to investors on Wednesday, June 19th. Analysts at B. Riley initiated coverage on shares of Coty in a research note to investors on Monday, June 10th. They set a “neutral” rating and a $19.00 price target on the stock.
Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $20.00.
Shares of Coty (NYSE:COTY) traded up 0.46% during mid-day trading on Tuesday, hitting $17.34. Coty has a 52 week low of $16.31 and a 52 week high of $17.65. The stock’s 50-day moving average is currently $17.1. The company’s market cap is $6.638 billion.
Coty Inc is engage in the manufacturing, marketing and distribution of women’s and men’s fragrances, color cosmetics and skin and body care related products globally.