Burberry Group Given “Neutral” Rating at Nomura (BRBY)
Burberry Group (LON:BRBY)‘s stock had its “neutral” rating reiterated by stock analysts at Nomura in a report issued on Wednesday, AnalystRatings.NET reports. They currently have a GBX 1,630 ($26.73) price target on the stock. Nomura’s price target indicates a potential upside of 12.41% from the stock’s previous close.
Burberry Group (LON:BRBY) traded down 2.03% during mid-day trading on Wednesday, hitting GBX 1450.00. 1,470,313 shares of the company’s stock traded hands. Burberry Group has a 52 week low of GBX 1238.00 and a 52 week high of GBX 1687.0001. The stock’s 50-day moving average is GBX 1485. and its 200-day moving average is GBX 1523.. The company’s market cap is £6.344 billion.
A number of other analysts have also recently weighed in on BRBY. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Burberry Group in a research note to investors on Tuesday. They now have a GBX 1,550 ($25.42) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Burberry Group in a research note to investors on Tuesday. They now have a GBX 1,700 ($27.88) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Burberry Group in a research note to investors on Monday. They now have a GBX 1,680 ($27.55) price target on the stock. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Burberry Group presently has a consensus rating of “Hold” and a consensus price target of GBX 1,615.38 ($26.49).
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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