In a report released on March 26, Thomas Besson from Kepler Capital maintained a Hold rating on Ferrari (RACE – Research Report), with a price target of €400.00. The company’s shares closed yesterday at $439.16.
According to TipRanks, Besson is ranked #7498 out of 8731 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ferrari with a $420.89 average price target, a -4.16% downside from current levels. In a report released on March 20, Bernstein also maintained a Hold rating on the stock with a €365.00 price target.
The company has a one-year high of $442.80 and a one-year low of $263.01. Currently, Ferrari has an average volume of 325.9K.
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Ferrari (RACE) Company Description:
Italy-based Ferrari NV designs, manufactures and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; Fuori series, one-off, and track cars; and Icona cars. It also provides non-registered racing cars; and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars. It participates in car racing such as Formula One.
