Burberry Group’s “Buy” Rating Reaffirmed at Berenberg Bank (BRBY)
Burberry Group (LON:BRBY)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a note issued to investors on Friday, American Banking News.com reports. They currently have a GBX 1,700 ($27.27) price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 7.26% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale reiterated a “hold” rating on shares of Burberry Group in a research note to investors on Thursday. They now have a GBX 1,690 ($27.11) price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,516.46 ($24.33).
Burberry Group (LON:BRBY) opened at 1598.00 on Friday. Burberry Group has a 1-year low of GBX 1033.151 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 £6.955 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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