Burberry Group Given Neutral Rating at BNP Paribas (BRBY)
Burberry Group (LON:BRBY)‘s stock had its “neutral” rating reaffirmed by analysts at BNP Paribas in a research report issued to clients and investors on Friday, AnalystRatingsNetwork reports. They currently have a GBX 1,680 ($27.68) price objective on the stock. BNP Paribas’ target price would indicate a potential upside of 16.02% from the stock’s previous close.
A number of other analysts have also recently weighed in on BRBY. Analysts at Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of Burberry Group in a research note to investors on Monday, January 27th. They now have a GBX 2,225 ($36.66) 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 assigned a buy rating and one has issued a strong buy rating to the company. Burberry Group currently has a consensus rating of “Hold” and an average target price of GBX 1,613.49 ($26.59).
Shares of Burberry Group (LON:BRBY) opened at 1448.00 on Friday. Burberry Group has a 1-year low of GBX 1238.00 and a 1-year high of GBX 1687.0001. The stock’s 50-day moving average is GBX 1475. and its 200-day moving average is GBX 1529.81. The company’s market cap is £6.335 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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