Burberry Group Given “Outperform” Rating at Credit Suisse (BRBY)
Burberry Group (LON:BRBY)‘s stock had its “outperform” rating reiterated by Credit Suisse in a research note issued on Thursday, Analyst Ratings Net reports. They currently have a GBX 1,700 ($27.27) price objective on the stock. Credit Suisse’s price target points to a potential upside of 9.68% from the stock’s previous close.
Shares of Burberry Group (LON:BRBY) opened at 1582.00 on Thursday. Burberry Group has a one year low of GBX 997.9999 and a one year high of GBX 1687.0001. The stock has a 50-day moving average of GBX 1581. and a 200-day moving average of GBX 1445.. The company’s market cap is £6.885 billion.
BRBY has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of Burberry Group from GBX 1,530 ($24.55) to GBX 1,600 ($25.67) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Burberry Group in a research note to investors on Friday, October 4th. They now have a GBX 1,670 ($26.79) price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Burberry Group from GBX 1,450 ($23.26) to GBX 1,550 ($24.87) in a research note to investors on Thursday, October 3rd. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Burberry Group presently has a consensus rating of “Hold” and an average price target of GBX 1,516.46 ($24.33).
Burberry Group plc is a holding company. It designs, sources, and markets luxury men’s, women’s and children’s clothing and non-apparel accessories globally through a diversified network of retail (LON:BRBY), wholesale and franchise channels.
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