Burberry Group Receives “Equal weight” Rating from Barclays (BRBY)
Burberry Group (LON:BRBY)‘s stock had its “equal weight” rating restated by research analysts at Barclays in a report released on Tuesday, Analyst Ratings.Net reports. They currently have a GBX 1,700 ($27.88) price target on the stock. Barclays’ price objective would suggest a potential upside of 15.41% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Burberry Group in a research note to investors on Monday, January 6th. They now have a GBX 1,680 ($27.55) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of Burberry Group in a research note to investors on Tuesday, December 10th. They now have a GBX 1,700 ($27.88) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Burberry Group in a research note to investors on Wednesday, December 4th. They now have a GBX 1,630 ($26.73) price target on the stock. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Burberry Group has a consensus rating of “Hold” and an average price target of GBX 1,615.38 ($26.49).
Shares of Burberry Group (LON:BRBY) opened at 1473.00 on Tuesday. Burberry Group has a one year low of GBX 1238.00 and a one year high of GBX 1687.0001. The stock’s 50-day moving average is GBX 1482. and its 200-day moving average is GBX 1521.. The company’s market cap is £6.444 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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