Burberry Group Receives Neutral Rating from BNP Paribas (BRBY)
Burberry Group (LON:BRBY)‘s stock had its “neutral” rating restated by BNP Paribas in a research note issued on Thursday, AnalystRatings.NET reports. They currently have a GBX 1,680 ($27.58) price target on the stock. BNP Paribas’ price objective would suggest a potential upside of 11.41% from the stock’s previous close.
Shares of Burberry Group (LON:BRBY) traded down 2.12% on Thursday, hitting GBX 1476.00. The stock had a trading volume of 769,973 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 1481. and a 200-day moving average of GBX 1531.. The company’s market cap is £6.457 billion.
BRBY has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Burberry Group in a research note to investors on Monday. They now have a GBX 1,600 ($26.26) price target on the stock. Separately, analysts at Credit Suisse downgraded shares of Burberry Group to a “neutral” rating in a research note to investors on Monday. They now have a GBX 1,600 ($26.26) price target on the stock, down previously from GBX 1,700 ($27.91). Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Burberry Group in a research note to investors on Thursday, January 16th. They now have a GBX 1,630 ($26.76) price target on the stock. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Burberry Group presently has an average rating of “Hold” and a consensus price target of GBX 1,616.08 ($26.53).
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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