Credit Suisse Reiterates “Outperform” Rating for Burberry Group (BRBY)
Burberry Group (LON:BRBY)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse in a research report issued on Monday, Analyst Ratings Net reports. They currently have a GBX 1,700 ($27.49) price objective on the stock. Credit Suisse’s target price would indicate a potential upside of 11.33% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Burberry Group from GBX 2,181 ($35.27) to GBX 2,282 ($36.90) in a research note to investors on Monday. They now have a “conviction-buy” rating on the stock. Separately, analysts at AlphaValue reiterated a “reduce” rating on shares of Burberry Group in a research note to investors on Thursday. They now have a GBX 1,459 ($23.59) price target on the stock. Finally, analysts at UBS AG reiterated a “neutral” rating on shares of Burberry Group in a research note to investors on Wednesday, October 16th. They now have a GBX 1,530 ($24.74) price target on the stock. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 1,614.26 ($26.10).
Shares of Burberry Group (LON:BRBY) opened at 1546.00 on Monday. Burberry Group has a 52 week low of GBX 1115.00 and a 52 week high of GBX 1687.0001. The stock’s 50-day moving average is GBX 1593. and its 200-day moving average is GBX 1472.. The company’s market cap is £6.729 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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