Burberry Group Given New GBX 1,850 Price Target at HSBC (BRBY)
Analysts at HSBC decreased their price objective on shares of Burberry Group (LON:BRBY) from GBX 1,900 ($31.31) to GBX 1,850 ($30.49) in a research report issued to clients and investors on Wednesday, American Banking News.com reports. The firm currently has an “overweight” rating on the stock. HSBC’s price objective would suggest a potential upside of 20.36% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald Europe 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. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Burberry Group in a research note to investors on Thursday, January 9th. They now have a GBX 1,600 ($26.37) price target on the stock. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Burberry Group currently has an average rating of “Hold” and an average target price of GBX 1,618.35 ($26.67).
Shares of Burberry Group (LON:BRBY) traded up 4.63% on Wednesday, hitting GBX 1537.00. The stock had a trading volume of 3,244,604 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 1483. and a 200-day moving average of GBX 1527.. The company’s market cap is £6.724 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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