Cantor Fitzgerald Reiterates Hold Rating for Burberry Group (BRBY)
Burberry Group (LON:BRBY)‘s stock had its “hold” rating restated by analysts at Cantor Fitzgerald in a research report issued to clients and investors on Monday, AmericanBankingNews.com reports. They currently have a GBX 1,500 ($24.72) price target on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 2.67% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Burberry Group in a research note to investors on Tuesday, January 7th. They now have a GBX 1,550 ($25.54) price target on the stock. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 1,615.38 ($26.62).
Shares of Burberry Group (LON:BRBY) traded down 0.81% during mid-day trading on Monday, hitting GBX 1461.00. The stock had a trading volume of 873,032 shares. Burberry Group has a 52 week low of GBX 1238.00 and a 52 week high of GBX 1687.0001. The stock has a 50-day moving average of GBX 1482. and a 200-day moving average of GBX 1525.. The company’s market cap is £6.392 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.