Frankfurt: PUMA (ETR:PUM) Stock Has Just Had Its “Hold” Rating Reiterated by HSBC. Shares now Have a EUR 202.00 Target

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PUMA (ETR:PUM) Rating Reaffirmed

PUMA (ETR:PUM) just had their share rating of a ‘”Hold”‘ issued by research analysts at HSBC, who now has a EUR 202.00 Estimated Target Price on the 3.12 billion EUR market cap company or a -2.30% downside potential. This key information was released in a recent report on Thursday morning.

From a total of 8 analysts covering PUMA (ETR:PUM) stock, 0 rate it a ”Buy”, 5 a “Sell”, and 3 a ”Hold”. This means that 0 of the ratings are positive. The highest target price is €200 while the lowest target price is €133. The mean of all analyst targets is €163.75 with a -20.80% below today’s (€206.75) stock price. PUMA was the topic of 12 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Barclays Capital downgraded shares on November 24 to “Underweight” rating. JP Morgan downgraded shares to “Underweight” rating and €147 target share price in a report from a July 27. Independent Research downgraded PUM stock in a recent report from November 14 to “Sell” rating. Deutsche Bank maintained the rating on July 27. Deutsche Bank has a “Hold” rating and a €175 price target on shares. Finally, Landesbank maintained the stock with “Hold” rating in a report issued on a July 29.

The stock increased 0.27% or EUR 0.55 on December 9, striking EUR 206.75. Approximately 5,038 shares of stock traded hands. Puma AG Rudolf Dassler Sport (ETR:PUM) has risen 34.05% since May 13, 2015 and is uptrending. It has outperformed by 34.85% the S&P500.

Frankfurt: PUMA (ETR:PUM) Stock Has Just Had Its

PUMA SE operates in the sporting goods industry. The company has a market cap of 3.12 billion EUR. The Company’s divisions are based on geographical regions, which include Europe, Middle East and Africa , Americas (North and Latin America) and Asia/Pacific. It has 83.63 P/E ratio. The Firm is engaged in the sale of products from the PUMA, Cobra Golf and Tretorn brands through the wholesale and retail trade, as well as from directly to clients in its own retail stores and online stores.

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