Deutsche Bank Increases Burberry Group Price Target to GBX 1,600 (BRBY)
Equities researchers at Deutsche Bank hoisted their price objective on shares of Burberry Group (LON:BRBY) from GBX 1,530 ($24.55) to GBX 1,600 ($25.67) in a research report issued on Thursday, American Banking News.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective would indicate a potential upside of 0.95% from the stock’s previous close.
BRBY has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Burberry Group in a research note to investors on Friday, September 27th. They now have a GBX 1,700 ($27.27) price target on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 1,516.46 ($24.33).
Burberry Group (LON:BRBY) traded up 2.26% on Thursday, hitting GBX 1585.00. 912,454 shares of the company’s stock traded hands. Burberry Group has a 52-week low of GBX 997.9999 and a 52-week 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 £6.898 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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