Credit Suisse Reiterates Neutral Rating for Burberry Group plc (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reiterated by analysts at Credit Suisse in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports. They currently have a GBX 1,600 ($26.53) price objective on the stock. Credit Suisse’s price target points to a potential upside of 11.58% from the company’s current price.
BRBY has been the subject of a number of other recent research reports. Analysts at Berenberg Bank downgraded shares of Burberry Group plc to a “hold” rating in a research note on Monday. They now have a GBX 1,500 ($24.87) price target on the stock, down previously from GBX 1,660 ($27.52). Separately, analysts at Deutsche Bank cut their price target on shares of Burberry Group plc from GBX 1,600 ($26.53) to GBX 1,575 ($26.11) in a research note on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Burberry Group plc in a research note on Friday, March 28th. They now have a GBX 1,630 ($27.02) price target on the stock. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 1,601.05 ($26.54).
Burberry Group plc (LON:BRBY) traded down 1.95% during mid-day trading on Monday, hitting GBX 1406.00. The stock had a trading volume of 1,161,066 shares. Burberry Group plc has a one year low of GBX 1238.00 and a one year high of GBX 1687.0001. The stock’s 50-day moving average is GBX 1466. and its 200-day moving average is GBX 1500.. The company’s market cap is £6.151 billion.
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.