Coty Inc was Downgraded to a Sell Rating at Berenberg Bank

By Ryan Adsit

Coty Inc (NYSE: COTY) received a Sell rating from Berenberg Bank analyst Rosie Edwards today. The company’s shares closed yesterday at $16.51, close to its 52-week high of $27.31.

According to TipRanks.com, Edwards is a 3-star analyst with an average return of 21.6% and a 100.0% success rate. Edwards covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Colgate-Palmolive, and Kimberly Clark.

Coty Inc has an analyst consensus of Hold, with a price target consensus of $23.

The company has a one year high of $27.31 and a one year low of $15.83. Currently, Coty Inc has an average volume of 5.63M.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of COTY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Coty, Inc. manufactures and markets beauty products, fragrances, color cosmetics and skin care products. The company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care, and Brazil Acquisition. The Fragrances segment provides a variety of men’s and women’s products.