Noteworthy Rating Filing: HUGO BOSS (ETR:BOSS) Gets Higher Rating From Norddeutsche Landesbank. What Is The Stock Target?

November 23, 2016 - By Clifton Ray

Noteworthy Rating Filing:  HUGO BOSS (ETR:BOSS) Gets Higher Rating From Norddeutsche Landesbank. What Is The Stock Target?

HUGO BOSS (ETR:BOSS) Upgrade

HUGO BOSS (ETR:BOSS)‘s rating was raised by professional analysts at Norddeutsche Landesbank to a “Buy” rating in a a report sent to investors and clients on Wednesday, 23 November. The firm now has a EUR 84.00 target price on the stock. Norddeutsche Landesbank’s target price means a potential upside of 52.67%.

Hugo Boss AG (ETR:BOSS) Ratings Coverage

Out of 27 analysts covering Hugo Boss (ETR:BOSS), 12 rate it a “Buy”, 5 “Sell”, while 10 “Hold”. This means 44% are positive. €132 is the highest target while €45 is the lowest. The €68.29 average target is 25.35% above today’s (€54.48) stock price. Hugo Boss has been the topic of 136 analyst reports since July 3, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, July 6 by HSBC. Commerzbank maintained Hugo Boss AG (ETR:BOSS) rating on Wednesday, May 4. Commerzbank has “Hold” rating and €60 price target. The stock of Hugo Boss AG (ETR:BOSS) has “Outperform” rating given on Thursday, February 18 by Credit Suisse. Robert W. Baird downgraded Hugo Boss AG (ETR:BOSS) on Saturday, September 3 to “Underperform” rating. The stock has “Sell” rating given by DZ BANK on Saturday, August 6. The rating was maintained by Baader Wertpapierhandelsbank with “Hold” on Thursday, November 3. The firm has “Sell” rating given on Tuesday, August 30 by Societe Generale. DZ BANK maintained Hugo Boss AG (ETR:BOSS) on Thursday, November 17 with “Hold” rating. The stock has “Buy” rating given by UBS on Wednesday, August 5. Baader Wertpapierhandelsbank maintained it with “Hold” rating and €52 target price in Friday, July 15 report.

About 78,256 shares traded hands. Hugo Boss AG (ETR:BOSS) has declined 7.86% since March 18, 2016 and is downtrending. It has underperformed by 13.19% 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 3.84 billion EUR. The Firm is represented by two core brands: BOSS and HUGO. It has a 17.49 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.

More notable recent Hugo Boss AG (ETR:BOSS) news were published by: Marketwatch.com which released: “Hugo Boss rises 4.4% after profit beat” on November 23, 2013, also Bloomberg.com with their article: “Hugo Boss Plunges as Retailer Cuts Outlook on U.S., China” published on February 23, 2016, Bloomberg.com published: “Hugo Boss Rises on Signs of Recovery as Sales Beat Estimates” on August 05, 2016. More interesting news about Hugo Boss AG (ETR:BOSS) were released by: Bloomberg.com and their article: “Hugo Boss Surges as China Rebound Aids New CEO’s Turnaround” published on November 02, 2016 as well as Seekingalpha.com‘s news article titled: “Hugo Boss May Trend Higher Soon” with publication date: September 06, 2016.

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