Burberry Group (LON:BRBY)‘s stock had its “neutral” rating reiterated by investment analysts at BNP Paribas in a research report issued on Thursday.
BRBY has been the topic of a number of other reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 1,720 ($23.76) price objective on shares of Burberry Group in a research note on Monday, January 8th. Societe Generale upgraded shares of Burberry Group to a “buy” rating and increased their price objective for the company from GBX 1,770 ($24.45) to GBX 1,920 ($26.53) in a research note on Friday, March 2nd. Morgan Stanley dropped their price objective on shares of Burberry Group from GBX 1,676 ($23.16) to GBX 1,600 ($22.11) and set an “equal weight” rating on the stock in a research note on Thursday, January 18th. Barclays reiterated an “overweight” rating and set a GBX 1,900 ($26.25) price objective on shares of Burberry Group in a research note on Thursday, January 4th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a GBX 1,900 ($26.25) price objective on shares of Burberry Group in a research note on Tuesday, January 16th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,699.05 ($23.47).
Burberry Group stock opened at GBX 1,653 ($22.84) on Thursday. Burberry Group has a one year low of GBX 1,481.50 ($20.47) and a one year high of GBX 2,024 ($27.96). The stock has a market cap of $6,930.00 and a P/E ratio of 2,361.43.
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About Burberry Group
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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