Burberry Group Given “Conviction-Buy” Rating at Goldman Sachs Group Inc. (BRBY)
Burberry Group (LON:BRBY)‘s stock had its “conviction-buy” rating restated by investment analysts at Goldman Sachs Group Inc. in a note issued to investors on Monday, Analyst Ratings Network reports. They currently have a GBX 2,225 ($36.66) target price on the stock. Goldman Sachs Group Inc.’s price objective would suggest a potential upside of 54.62% from the stock’s previous close.
Burberry Group (LON:BRBY) traded down 2.57% on Monday, hitting GBX 1439.00. 1,329,400 shares of the company’s stock traded hands. 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 1479. and a 200-day moving average of GBX 1532.. The company’s market cap is £6.296 billion.
BRBY has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Burberry Group in a research note to investors on Thursday. They now have a GBX 1,680 ($27.68) 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 Monday, January 20th. They now have a GBX 1,600 ($26.36) price target on the stock. Finally, analysts at Credit Suisse downgraded shares of Burberry Group to a “neutral” rating in a research note to investors on Monday, January 20th. They now have a GBX 1,600 ($26.36) price target on the stock, down previously from GBX 1,700 ($28.01). Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 1,613.49 ($26.59).
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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