Burberry Group plc (BRBY) PT Lowered to GBX 1,710
Burberry Group plc (LON:BRBY) had its target price reduced by equities research analysts at Kepler Capital Markets from GBX 1,820 ($23.94) to GBX 1,710 ($22.49) in a note issued to investors on Friday. The brokerage presently has a “hold” rating on the stock. Kepler Capital Markets’ price objective indicates a potential downside of 2.06% from the company’s previous close.
A number of other analysts have also commented on BRBY. Barclays PLC reiterated an “overweight” rating and set a GBX 1,900 ($24.99) price target on shares of Burberry Group plc in a report on Thursday, July 13th. Beaufort Securities reiterated a “buy” rating and set a GBX 1,920 ($25.25) price target on shares of Burberry Group plc in a report on Thursday, July 13th. BNP Paribas reiterated a “neutral” rating and set a GBX 1,650 ($21.70) price target on shares of Burberry Group plc in a report on Thursday, July 13th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 1,650 ($21.70) price target on shares of Burberry Group plc in a report on Thursday, July 13th. Finally, J P Morgan Chase & Co lifted their price target on Burberry Group plc from GBX 1,600 ($21.04) to GBX 1,620 ($21.31) and gave the stock a “neutral” rating in a report on Thursday, July 13th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 1,715.29 ($22.56).
Burberry Group plc (LON:BRBY) opened at GBX 1,746 ($22.96) on Friday. Burberry Group plc has a fifty-two week low of GBX 1,367 ($17.98) and a fifty-two week high of GBX 2,024 ($26.62).
About Burberry Group plc
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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