Nomura Initiates Coverage on Mulberry Group PLC (MUL)
Analysts at Nomura started coverage on shares of Mulberry Group PLC (LON:MUL) in a research report issued to clients and investors on Tuesday, Analyst Ratings.Net reports. The firm set a “neutral” rating and a GBX 1,050 ($17.22) price target on the stock. Nomura’s price objective points to a potential upside of 12.68% from the company’s current price.
Mulberry Group PLC (LON:MUL) opened at 931.8193 on Tuesday. Mulberry Group PLC has a 52 week low of GBX 825.00 and a 52 week high of GBX 1459.00. The stock has a 50-day moving average of GBX 972.9 and a 200-day moving average of GBX 985.5.
A number of other firms have also recently commented on MUL. Analysts at Barclays reiterated an “equal weight” rating on shares of Mulberry Group PLC in a research note to investors on Thursday, December 5th. They now have a GBX 1,000 ($16.40) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Mulberry Group PLC from GBX 1,392 ($22.83) to GBX 1,406 ($23.06) in a research note to investors on Monday, October 21st. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,065.10 ($17.47).
Mulberry Group PLC is a United Kingdom-based holding company. The Company is engaged in the design and manufacture or sourcing of luxury accessories, clothing and footwear and their subsequent sale through wholesale channels or its own stores and concessions in home and export markets.
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.