Credit Suisse Group reiterated their outperform rating on shares of Burberry Group (LON:BRBY) in a report issued on Tuesday morning. They currently have a GBX 1,900 ($25.77) price objective on the stock.
A number of other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. restated a neutral rating and set a GBX 1,720 ($23.33) price target on shares of Burberry Group in a research note on Monday, January 8th. Barclays restated an overweight rating and set a GBX 1,900 ($25.77) price target on shares of Burberry Group in a research note on Thursday, January 4th. Deutsche Bank cut their price target on Burberry Group from GBX 1,750 ($23.73) to GBX 1,700 ($23.05) and set a hold rating for the company in a research note on Tuesday, December 5th. Berenberg Bank cut their price target on Burberry Group from GBX 2,000 ($27.12) to GBX 1,940 ($26.31) and set a buy rating for the company in a research note on Friday, November 24th. Finally, Kepler Capital Markets cut their price target on Burberry Group from GBX 1,820 ($24.68) to GBX 1,710 ($23.19) and set a hold rating for the company in a research note on Friday, November 10th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Burberry Group presently has an average rating of Hold and an average target price of GBX 1,705 ($23.12).
Shares of Burberry Group (LON:BRBY) opened at GBX 1,596.50 ($21.65) on Tuesday. The stock has a market capitalization of $6,760.00 and a PE ratio of 2,280.71. Burberry Group has a 52 week low of GBX 1,543 ($20.92) and a 52 week high of GBX 2,024 ($27.45).
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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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