Puma SE is currently facing challenges in the stock market due to a reduction in its price target by UBS. The new price target is 43.50 euros, and UBS has maintained a "Neutral" rating for the company.
Puma shares are currently trading at 39.01 euros, which is a slight decline of 0.54% from the previous day. However, over the past month, the stock has seen a 4.34% increase.
Puma has a market capitalization of 5.9 billion euros and plans to distribute a dividend of 0.82 euros per share for the 2024 financial year, resulting in a yield of 1.72%. The price/earnings ratio for 2024 is 15.27, making Puma an attractive option for investors interested in the long-term growth potential of the sporting goods sector.
Recent analyses have highlighted the need for action among Puma shareholders, leading to discussions on whether to buy or sell the stock.