EssilorLuxottica (OTCMKTS:ESLOY) Reaches New 12-Month High - Should You Buy?

Key Points

• EssilorLuxottica's shares reached a new 52-week high of $161.00 during mid-day trading, with the last trading price at $160.88, up from a previous close of $156.65.
• Analysts have upgraded the stock to a "hold" rating, with Barclays issuing an "overweight" rating, indicating potential growth prospects for the company.
• EssilorLuxottica operates globally in the optical industry, offering a range of products under numerous well-known brands, including Ray-Ban and Oakley.

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $161.00 and last traded at $160.88, with a volume of 723 shares trading hands. The stock had previously closed at $156.65.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ESLOY shares. Barclays started coverage on shares of EssilorLuxottica in a research note on Tuesday, September 9th. They issued an "overweight" rating on the stock. Zacks Research upgraded shares of EssilorLuxottica from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, EssilorLuxottica has a consensus rating of "Hold".

EssilorLuxottica Price Performance

The stock's 50-day moving average is $151.42 and its 200-day moving average is $145.18. The company has a current ratio of 0.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.17.

About EssilorLuxottica

EssilorLuxottica Société anonyme designs, manufactures, and distributes ophthalmic lenses, frames, and sunglasses in Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and North America. It operates through Professional Solutions and Direct to Consumer segments. The company offers lens under the Essilor, Varilux, Crizal, Eyezen, Stellest, Xperio, Transitions, Ray-Ban, Oakley, Barberini, KODAK Lens, Nikon, Shamir, eyexpert, iWear, Humanware, and Optifog brands.