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On May 24, Bernard Arnault became the world’s first fortune. The leader of the LVMH group, the world’s number one luxury goods company, is benefiting from the acquisition of the American jeweler Tiffany in its hard luxury branch.
In the last ten years, the LVMH group has taken the Paris stock exchange by storm and has jumped 454%, while it is up 61% over one year. The group led by Bernard Arnault with a market capitalization of 329 billion euros has proven its resilience during the health crisis, and financial analysts remain positive about the future of LVMH, although the upside potential is slightly reduced.
The group, which has just launched a 30 million euro emergency fund for its 150,000 employees worldwide to provide social and psychological support on a case-by-case basis, continues to establish itself as the undisputed leader in the global luxury goods market. JP Morgan analyst Chiara Battistini maintains a Buy rating, with a target price of €685.
The independent research firm AlphaValue has raised its target price from 581 to 672 euros. The increase in its target is explained by LVMH‘s profit estimates for the coming years, as well as by the contribution of the hard luxury branch, boosted by the recent acquisition of Tiffany.
Credit Suisse, for its part, is leaning towards an operating margin of 22.4% in 2021, one percentage point higher than in 2019, before the impact of the health crisis. Thus, according to analysts, the luxury leader will reach 38 times the profits expected for 2021 and 33 times those estimated for 2022.
Read also > LVMH UNVEILS ITS ENVIRONMENTAL OBJECTIVES
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On May 24, Bernard Arnault became the world’s first fortune. The leader of the LVMH group, the world’s number one luxury goods company, is benefiting from the acquisition of the American jeweler Tiffany in its hard luxury branch.
In the last ten years, the LVMH group has taken the Paris stock exchange by storm and has jumped 454%, while it is up 61% over one year. The group led by Bernard Arnault with a market capitalization of 329 billion euros has proven its resilience during the health crisis, and financial analysts remain positive about the future of LVMH, although the upside potential is slightly reduced.
The group, which has just launched a 30 million euro emergency fund for its 150,000 employees worldwide to provide social and psychological support on a case-by-case basis, continues to establish itself as the undisputed leader in the global luxury goods market. JP Morgan analyst Chiara Battistini maintains a Buy rating, with a target price of €685.
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On May 24, Bernard Arnault became the world’s first fortune. The leader of the LVMH group, the world’s number one luxury goods company, is benefiting from the acquisition of the American jeweler Tiffany in its hard luxury branch.
In the last ten years, the LVMH group has taken the Paris stock exchange by storm and has jumped 454%, while it is up 61% over one year. The group led by Bernard Arnault with a market capitalization of 329 billion euros has proven its resilience during the health crisis, and financial analysts remain positive about the future of LVMH, although the upside potential is slightly reduced.
The group, which has just launched a 30 million euro emergency fund for its 150,000 employees worldwide to provide social and psychological support on a case-by-case basis, continues to establish itself as the undisputed leader in the global luxury goods market. JP Morgan analyst Chiara Battistini maintains a Buy rating, with a target price of €685.
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