Burberry Group’s Hold Rating Reaffirmed at Deutsche Bank (BRBY)
Burberry Group (LON:BRBY)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank in a report issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 1,600 ($26.24) target price on the stock. Deutsche Bank’s price target suggests a potential upside of 12.60% from the company’s current price.
A number of other firms have also recently commented on BRBY. Analysts at Nomura reiterated a “neutral” rating on shares of Burberry Group in a research note to investors on Wednesday. They now have a GBX 1,630 ($26.73) price target on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 1,615.38 ($26.49).
Shares of Burberry Group (LON:BRBY) traded down 2.00% during mid-day trading on Thursday, hitting GBX 1421.00. 1,400,228 shares of the company’s stock traded hands. Burberry Group has a 1-year low of GBX 1238.00 and a 1-year high of GBX 1687.0001. The stock’s 50-day moving average is GBX 1486. and its 200-day moving average is GBX 1520.. The company’s market cap is £6.217 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.