Hugo Boss (ETR:BOSS) Receives a Downgrade
Frankfurt-listed Hugo Boss (ETR:BOSS), was cut by analysts at Hauck & Aufhäuser Privatbankiers KGaA who cut their rating on the 5.73 billion EUR market cap firm to a Sell, but decided to stick with their PT of EUR 73.00 on BOSS shares.
From a total of 16 analysts covering Hugo Boss (ETR:BOSS) stock, 7 rate it a ”Buy”, 2 a “Sell”, and 7 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is €132 while the lowest target price is €73. The mean of all analyst targets is €104.38 with a 28.23% above today’s (€81.4) stock price. Hugo Boss was the topic of 31 analyst reports since July 3, 2015 according to the firm StockzIntelligence Inc. Baader Wertpapierhandelsbank maintained shares on November 28 with “Hold” rating. Warburg Research upgraded shares to “Buy” rating and €118 target share price in a report from a November 5. Independent Research maintained BOSS stock in a recent report from November 26 with “Neutral” rating. Commerzbank maintained the rating on November 4. Commerzbank has a “Hold” rating and a €97 price target on shares. Finally, Bankhaus Lampe upgraded the stock to “Buy” rating in a report issued on a November 26.
The stock decreased 0.29% or EUR 0.24 on December 2, striking EUR 81.4. Approximately 253,185 shares of stock traded hands. Hugo Boss AG (ETR:BOSS) has risen 6.00% since November 3, 2015 and is uptrending. It has outperformed by 6.20% the S&P500.
Hugo Boss AG is a Germany-based manufacturer of clothing for the international fashion market. The company has a market cap of 5.73 billion EUR. The Firm is represented by two core brands: BOSS and HUGO. It has 18.13 P/E ratio. The Company’s core brand, BOSS includes such collections as BOSS Black, providing business ensembles, casual sports clothing and evening wear for men and women; BOSS Selection, offering luxury menswear, accessories and sportswear ; BOSS Orange, offering casual, vibrant colors fashion for men and women; and BOSS Green, a fashion-oriented collection of menswear which also offers accessories.