Royal Bank of Canada restated their underperform rating on shares of Burberry Group (LON:BRBY) in a research report released on Friday morning. They currently have a GBX 1,600 ($22.11) target price on the stock.
A number of other equities analysts also recently weighed in on the company. Deutsche Bank dropped their target price on Burberry Group from GBX 1,750 ($24.18) to GBX 1,700 ($23.49) and set a hold rating on the stock in a report on Tuesday, December 5th. Credit Suisse Group reiterated an outperform rating and issued a GBX 1,900 ($26.25) target price on shares of Burberry Group in a report on Tuesday, January 16th. Jefferies Group started coverage on Burberry Group in a report on Thursday, February 1st. They issued a hold rating and a GBX 1,650 ($22.80) target price on the stock. Berenberg Bank reiterated a buy rating and issued a GBX 1,890 ($26.11) target price on shares of Burberry Group in a report on Friday, February 16th. Finally, Beaufort Securities upped their target price on Burberry Group from GBX 1,920 ($26.53) to GBX 1,980 ($27.36) and gave the company a buy rating in a report on Friday, November 10th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 1,699.05 ($23.47).
Shares of Burberry Group (BRBY) opened at GBX 1,660 ($22.93) on Friday. The stock has a market capitalization of $6,940.00 and a PE ratio of 2,371.43. Burberry Group has a twelve month low of GBX 1,481.50 ($20.47) and a twelve month high of GBX 2,024 ($27.96).
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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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