Royal Bank Of Canada Downgrades Luxottica Group SpA (LUXTY) to Underperform

Luxottica Group SpA (NASDAQ:LUXTY) was downgraded by analysts at Royal Bank Of Canada from a “sector perform” rating to an “underperform” rating in a report released on Wednesday.

Separately, Zacks Investment Research cut Luxottica Group SpA from a “buy” rating to a “hold” rating in a report on Thursday, September 14th.

Shares of Luxottica Group SpA (NASDAQ LUXTY) traded down 1.77% during midday trading on Wednesday, reaching $56.50. The company’s stock had a trading volume of 14,781 shares. The firm’s 50 day moving average is $60.13 and its 200 day moving average is $55.68. The firm has a market capitalization of $27.40 billion and a price-to-earnings ratio of 31.92. Luxottica Group SpA has a 52 week low of $44.85 and a 52 week high of $62.57.

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Luxottica Group SpA Company Profile

Luxottica Group S.p.A. is a holding company. The Company is engaged in the design, manufacture and distribution of fashion, luxury, sport and performance eyewear. The Company operates through two segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in design, manufacturing, wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products.

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