Tiffany & Co (TIF) Receives a Hold from Wells Fargo

In a report issued on December 6, Ike Boruchow from Wells Fargo maintained a Hold rating on Tiffany & Co (TIFResearch Report). The company’s shares closed last Monday at $133.55, close to its 52-week high of $134.03.

According to TipRanks.com, Boruchow is a 3-star analyst with an average return of 1.6% and a 47.6% success rate. Boruchow covers the Services sector, focusing on stocks such as Burlington Stores, Urban Outfitters, and Signet Jewelers.

The word on The Street in general, suggests a Hold analyst consensus rating for Tiffany & Co with a $132.10 average price target, a -1.1% downside from current levels. In a report issued on November 25, Guggenheim also downgraded the stock to Hold.

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Tiffany & Co’s market cap is currently $16.02B and has a P/E ratio of 29.88. The company has a Price to Book ratio of 5.12.

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Tiffany & Co. is a holding company, which engages in product design, manufacturing, and retailing through its subsidiaries. The firm also sells timepieces, leather goods, sterling silver goods, china, crystal, stationery, fragrances, and accessories. It operates through the following geographical segments: Americas, Asia-Pacific, Japan, Europe, and Other.