Sanford C. Bernstein Reiterates Market Perform Rating for Burberry Group plc (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “market perform” rating reaffirmed by stock analysts at Sanford C. Bernstein in a report issued on Thursday, AnalystRatings.Net reports. They currently have a GBX 1,630 ($27.32) price objective on the stock. Sanford C. Bernstein’s target price would suggest a potential upside of 8.16% from the company’s current price.
Burberry Group plc (LON:BRBY) opened at 1498.00 on Thursday. Burberry Group plc 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 1482. and its 200-day moving average is GBX 1526.. The company’s market cap is £6.554 billion.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Burberry Group plc in a research note on Wednesday. They now have a GBX 1,700 ($28.49) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Burberry Group plc in a research note on Wednesday, February 5th. They now have a GBX 1,600 ($26.81) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Burberry Group plc in a research note on Friday, January 31st. They now have a GBX 1,680 ($28.15) price target on the stock. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 1,613.49 ($27.04).
Burberry Group plc (LON:BRBY) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.