HSBC Downgrades EssilorLuxottica SA (ESLOY) to Hold

EssilorLuxottica SA (ESLOYResearch Report) received a Hold rating from HSBC analyst HSBC yesterday. The company’s shares closed last Monday at $90.96, close to its 52-week high of $93.83.

EssilorLuxottica SA has an analyst consensus of Hold.

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EssilorLuxottica SA’s market cap is currently $80.15B and has a P/E ratio of 769.50. The company has a Price to Book ratio of -153.36.

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EssilorLuxottica SA designs, manufactures and sale of ophthalmic lenses and ophthalmic optical instruments. It operates through the foloowing business segments: Lenses & Optical Instruments, Equipment, and Sunglasses and Readers. The Lenses & Optical Instruments business segment engages in the production, finishing, distribution and trading of lens and instruments. The Equipment business segment includes production, distribution and sale of high capacity equipment, such as digital surfacing machines and lens polishing machines, which are used in manufacturing plants and prescription laboratories for finishing operations on semi-finished lenses. The Sunglasses and Readers business segment engages in the production, distribution and sale of both non-prescription sunglasses and non-prescription reading glasses. The company was founded on October 6, 1971 and is headquartered in Charenton-le-Pont, France.