MYT Netherlands Parent B.V. (NYSE:MYTE) had its price objective boosted by equities researchers at Credit Suisse Group from $35.00 to $43.00 in a note issued to investors on Wednesday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group’s price objective would indicate a potential upside of 63.68% from the company’s previous close.
A number of other brokerages have also recently weighed in on MYTE. Zacks Investment Research cut shares of MYT Netherlands Parent B.V. from a “hold” rating to a “sell” rating in a report on Friday, September 3rd. JPMorgan Chase & Co. raised their target price on shares of MYT Netherlands Parent B.V. from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, May 24th. Finally, Morgan Stanley reduced their price objective on shares of MYT Netherlands Parent B.V. from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, August 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, MYT Netherlands Parent B.V. currently has a consensus rating of “Buy” and an average price target of $38.43.
MYTE stock opened at $26.27 on Wednesday. MYT Netherlands Parent B.V. has a 1 year low of $24.94 and a 1 year high of $36.25. The stock has a 50-day simple moving average of $29.43 and a 200-day simple moving average of $29.57. The company has a current ratio of 3.65, a quick ratio of 0.92 and a debt-to-equity ratio of 0.03.
About MYT Netherlands Parent B.V.
MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for the fashion consumers worldwide. The company sells clothes, bags, shoes, accessories, and fine jewelry through online operations and retail stores. It serves high income luxury consumers.
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