Burberry Group PT Raised to GBX 1,600 (BRBY)
Stock analysts at JPMorgan Chase & Co. lifted their price target on shares of Burberry Group (LON:BRBY) from GBX 1,550 ($25.54) to GBX 1,600 ($26.37) in a report issued on Thursday, Analyst RN reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 6.67% from the company’s current price.
Shares of Burberry Group (LON:BRBY) traded down 2.41% during mid-day trading on Thursday, hitting GBX 1500.00. 1,253,027 shares of the company’s stock traded hands. Burberry Group has a 52 week low of GBX 1238.00 and a 52 week high of GBX 1687.0001. The stock’s 50-day moving average is GBX 1483. and its 200-day moving average is GBX 1527.. The company’s market cap is £6.562 billion.
BRBY has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Burberry Group in a research note to investors on Wednesday. They now have a GBX 1,700 ($28.02) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Burberry Group in a research note to investors on Wednesday. They now have a GBX 1,680 ($27.69) price target on the stock. Finally, analysts at HSBC cut their price target on shares of Burberry Group from GBX 1,900 ($31.31) to GBX 1,850 ($30.49) in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Burberry Group has a consensus rating of “Hold” and a consensus target price of GBX 1,620.63 ($26.71).
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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