Burberry Group (BRBY) Stock Rating Reaffirmed by Credit Suisse Group
Credit Suisse Group reissued their outperform rating on shares of Burberry Group (LON:BRBY) in a research note released on Thursday. Credit Suisse Group currently has a GBX 1,900 ($26.25) price target on the stock.
Several other brokerages have also recently issued reports on BRBY. Kepler Capital Markets reiterated a hold rating and set a GBX 1,820 ($25.15) price target on shares of Burberry Group in a research report on Wednesday, November 1st. Barclays reiterated an overweight rating and set a GBX 1,900 ($26.25) price target on shares of Burberry Group in a research report on Thursday, January 4th. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 1,720 ($23.76) price target on shares of Burberry Group in a research report on Monday, January 8th. Berenberg Bank lowered their price target on Burberry Group from GBX 2,000 ($27.63) to GBX 1,940 ($26.80) and set a buy rating on the stock in a research report on Friday, November 24th. Finally, Societe Generale reissued a hold rating and set a GBX 1,800 ($24.87) price objective on shares of Burberry Group in a research note on Friday, November 10th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of GBX 1,706.50 ($23.58).
Burberry Group (BRBY) opened at GBX 1,638.41 ($22.64) on Thursday. Burberry Group has a 1 year low of GBX 1,481.50 ($20.47) and a 1 year high of GBX 2,024 ($27.96). The stock has a market capitalization of $6,850.00 and a price-to-earnings ratio of 2,340.59.
Burberry Group Company Profile
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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