Burberry (LON:BRBY)‘s stock had its “conviction-buy” rating reiterated by equities researchers at Goldman Sachs in a note issued to investors on Friday.
Several other analysts have also recently issued reports on BRBY. Barclays reiterated an “overweight” rating and issued a GBX 1,900 ($26.67) price objective on shares of Burberry in a research note on Thursday, January 4th. JPMorgan Chase reiterated a “neutral” rating and issued a GBX 1,720 ($24.14) price objective on shares of Burberry in a research note on Monday, January 8th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 1,900 ($26.67) price objective on shares of Burberry in a research note on Tuesday, January 16th. Deutsche Bank reduced their price objective on Burberry from GBX 1,700 ($23.86) to GBX 1,625 ($22.81) and set a “hold” rating on the stock in a research note on Thursday, January 18th. Finally, Beaufort Securities reduced their price objective on Burberry from GBX 1,980 ($27.79) to GBX 1,872 ($26.28) and set a “buy” rating on the stock in a research note on Thursday, January 18th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Burberry currently has an average rating of “Hold” and an average price target of GBX 1,696.50 ($23.81).
Shares of LON BRBY opened at GBX 1,676.50 ($23.53) on Friday. Burberry has a 12-month low of GBX 1,481.50 ($20.80) and a 12-month high of GBX 2,024 ($28.41).
Burberry Company Profile
Burberry Group plc, together with its subsidiaries, designs, develops, manufactures, and sells luxury goods under the Burberry brand for men, women, and children. The company operates in two segments, Retail/Wholesale and Licensing. It offers product in the categories of apparel; accessories, such as women's handbags and small leather goods; and beauty, as well as eyewear and watches.
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