Burberry Group (LON:BRBY) Price Target Increased to GBX 2,050 by Analysts at BNP Paribas
Burberry Group (LON:BRBY) had its target price boosted by BNP Paribas from GBX 1,700 ($22.21) to GBX 2,050 ($26.79) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.
A number of other analysts have also issued reports on the company. Deutsche Bank boosted their target price on Burberry Group from GBX 1,800 ($23.52) to GBX 1,970 ($25.74) and gave the company a hold rating in a research report on Friday, July 12th. Goldman Sachs Group raised Burberry Group to a neutral rating and cut their target price for the company from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a research report on Friday, June 28th. Credit Suisse Group boosted their target price on Burberry Group from GBX 1,950 ($25.48) to GBX 2,350 ($30.71) and gave the company a neutral rating in a research report on Wednesday, July 17th. HSBC reissued a hold rating on shares of Burberry Group in a research report on Monday, September 9th. Finally, Morgan Stanley reissued an equal weight rating on shares of Burberry Group in a research report on Monday, July 15th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. Burberry Group has a consensus rating of Hold and an average target price of GBX 2,007.86 ($26.24).
BRBY stock opened at GBX 2,203 ($28.79) on Tuesday. The firm has a market cap of $9.06 billion and a PE ratio of 26.96. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.70 and a current ratio of 2.51. The firm’s 50 day moving average price is GBX 2,176.18 and its 200-day moving average price is GBX 1,981.21. Burberry Group has a one year low of GBX 1,618.50 ($21.15) and a one year high of GBX 2,362 ($30.86).
Burberry Group Company Profile
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.
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