Cantor Fitzgerald Europe Reiterates “Hold” Rating for Burberry Group (BRBY)
Burberry Group (LON:BRBY)‘s stock had its “hold” rating reaffirmed by equities researchers at Cantor Fitzgerald Europe in a research report issued on Monday, StockRatingsNetwork.com reports. They currently have a GBX 1,500 ($24.72) target price on the stock. Cantor Fitzgerald Europe’s target price would indicate a potential upside of 1.83% from the company’s current price.
Burberry Group (LON:BRBY) traded down 0.61% during mid-day trading on Monday, hitting GBX 1464.00. The stock had a trading volume of 419,285 shares. Burberry Group has a 1-year low of GBX 1238.00 and a 1-year high of GBX 1687.0001. The stock has a 50-day moving average of GBX 1482. and a 200-day moving average of GBX 1521.. The company’s market cap is £6.405 billion.
A number of other firms have also recently commented on BRBY. Analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of Burberry Group in a research note to investors on Monday. They now have a GBX 1,500 ($24.72) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Burberry Group in a research note to investors on Thursday. They now have a GBX 1,600 ($26.37) price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Burberry Group in a research note to investors on Wednesday, January 8th. They now have a GBX 1,630 ($26.86) price target on the stock. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,615.38 ($26.62).
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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