LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Sets New 1-Year Low – Here’s What Happened

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) hit a new 52-week low on Tuesday . The company traded as low as $120.03 and last traded at $121.91, with a volume of 626182 shares. The stock had previously closed at $127.24.

Analysts Set New Price Targets

A number of brokerages have recently commented on LVMUY. Berenberg Bank raised shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne to a “strong-buy” rating in a research report on Wednesday, October 30th. Citigroup raised shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne to a “strong-buy” rating in a research report on Friday, October 11th. Finally, TD Cowen upgraded shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne to a “strong-buy” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, LVMH Moët Hennessy – Louis Vuitton, Société Européenne presently has an average rating of “Buy”.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Price Performance

The business has a 50-day simple moving average of $137.69 and a 200-day simple moving average of $148.72.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a dividend of $1.181 per share. The ex-dividend date of this dividend is Friday, November 29th.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Company Profile

LVMH Moët Hennessy – Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers wines, and spirits under the domaine des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Château Galoupet, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Joseph Phelps, Newton Vineyard, Cloudy Bay, Belvedere, Colgin Cellars,Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, Volcan de mi Tierra, and Eminente brands; and fashion and leather products under the Loewe, Moynat, Louis Vuitton, Berluti, RIMOWA, Patou, Loro Piana, FENDI, Celine, Christian Dior, Emilio Pucci, Givenchy, Kenzo, and Marc Jacobs brands.