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Kepler Capital Keeps Their Buy Rating on Ferrari (RACE)

Tipranks - Tipranks - Sat Apr 4, 8:50PM CDT

Kepler Capital analyst Thomas Besson maintained a Buy rating on Ferrari on April 1 and set a price target of €400.00. The company’s shares closed last Thursday at €297.80.

End of Quarter Sale - 50% Off TipRanks

According to TipRanks, Besson is an analyst with an average return of -1.7% and a 49.21% success rate.

In addition to Kepler Capital , Ferrari also received a Buy from Bank of America Securities’s Horst Schneider in a report issued on April 1. However, on the same day, Citi upgraded Ferrari (NYSE: RACE) to a Hold.

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The company has a one-year high of €449.80 and a one-year low of €269.00. Currently, Ferrari has an average volume of 595.8K.

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RACE in relation to earlier this year.

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