Burberry Group Rating Reiterated by Societe Generale (BRBY)
Burberry Group (LON:BRBY)‘s stock had its “hold” rating reaffirmed by investment analysts at Societe Generale in a note issued to investors on Thursday, AnalystRatings.Net reports. They currently have a GBX 1,690 ($27.11) target price on the stock. Societe Generale’s price objective suggests a potential upside of 9.03% from the company’s current price.
A number of other firms have also recently commented on BRBY. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Burberry Group in a research note to investors on Thursday. They now have a GBX 1,700 ($27.27) price target on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Burberry Group currently has a consensus rating of “Hold” and a consensus price target of GBX 1,516.46 ($24.33).
Shares of Burberry Group (LON:BRBY) traded up 2.26% on Thursday, hitting GBX 1585.00. 908,757 shares of the company’s stock traded hands. Burberry Group has a 1-year low of GBX 997.9999 and a 1-year high of GBX 1687.0001. The stock’s 50-day moving average is GBX 1581. and its 200-day moving average is GBX 1445.. The company’s market cap is £6.898 billion.
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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