Burberry Group plc (BRBY) Receives Average Rating of “Hold” from Analysts
Shares of Burberry Group plc (LON:BRBY) have earned a consensus rating of “Hold” from the twenty-one analysts that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 1,731.63 ($23.48).
A number of equities analysts recently weighed in on BRBY shares. Beaufort Securities upped their target price 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 research report on Friday, November 10th. Berenberg Bank restated a “buy” rating and set a GBX 1,900 ($25.77) target price on shares of Burberry Group in a research report on Thursday, October 12th. Morgan Stanley upped their target price on shares of Burberry Group from GBX 1,495 ($20.27) to GBX 1,748 ($23.70) and gave the stock an “equal weight” rating in a research report on Tuesday, September 19th. Deutsche Bank dropped their target price on shares of Burberry Group from GBX 1,800 ($24.41) to GBX 1,750 ($23.73) and set a “hold” rating for the company in a research report on Friday, November 10th. Finally, Kepler Capital Markets restated a “hold” rating and set a GBX 1,820 ($24.68) target price on shares of Burberry Group in a research report on Wednesday, November 1st.
Shares of Burberry Group (LON BRBY) traded up GBX 11.50 ($0.16) during trading hours on Friday, hitting GBX 1,791 ($24.29). 1,896,057 shares of the company were exchanged, compared to its average volume of 1,290,000. Burberry Group has a 12-month low of GBX 1,543 ($20.92) and a 12-month high of GBX 2,024 ($27.45). The company has a market capitalization of $7,620.00 and a price-to-earnings ratio of 2,558.57.
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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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