Burberry Group (BRBY) Earns “Neutral” Rating from JPMorgan Chase & Co.
Burberry Group (LON:BRBY)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday. They currently have a GBX 1,720 ($23.33) target price on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 8.88% from the stock’s current price.
A number of other equities analysts also recently issued reports on the stock. Deutsche Bank dropped their price objective on shares of Burberry Group from GBX 1,750 ($23.73) to GBX 1,700 ($23.05) and set a “hold” rating on the stock in a report on Tuesday, December 5th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,900 ($25.77) price objective on shares of Burberry Group in a report on Thursday, October 12th. Beaufort Securities raised their price objective on shares of Burberry Group from GBX 1,920 ($26.04) to GBX 1,980 ($26.85) and gave the stock a “buy” rating in a report on Friday, November 10th. Citigroup reissued a “neutral” rating on shares of Burberry Group in a report on Friday, November 10th. Finally, Barclays reissued an “overweight” rating and issued a GBX 1,900 ($25.77) price objective on shares of Burberry Group in a report on Thursday, October 5th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 1,701.33 ($23.07).
Burberry Group (BRBY) opened at GBX 1,579.69 ($21.42) on Thursday. The stock has a market cap of $6,690.00 and a P/E ratio of 2,256.70. Burberry Group has a 1-year low of GBX 1,543 ($20.92) and a 1-year high of GBX 2,024 ($27.45).
Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company’s segments include retail/wholesale and licensing. The Retail/wholesale segment is engaged in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce, as well as Burberry franchisees, prestige department stores globally and multi-brand specialty accounts.
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