Burberry Group plc Given “Buy” Rating at Aurel – BGC (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “buy” rating restated by Aurel – BGC in a research note issued on Wednesday, AR Network reports. They currently have a GBX 1,800 ($30.12) price objective on the stock. Aurel – BGC’s target price indicates a potential upside of 26.58% from the stock’s previous close.
Shares of Burberry Group plc (LON:BRBY) traded up 2.53% on Wednesday, hitting GBX 1458.00. The stock had a trading volume of 1,695,630 shares. 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 1464. and its 200-day moving average is GBX 1498.. The company’s market cap is £6.379 billion.
BRBY has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of Burberry Group plc from GBX 1,600 ($26.77) to GBX 1,400 ($23.42) in a research note on Thursday, April 10th. They now have a “neutral” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Burberry Group plc in a research note on Tuesday, April 8th. They now have a GBX 1,550 ($25.93) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Burberry Group plc in a research note on Monday, April 7th. They now have a GBX 1,600 ($26.77) price target on the stock. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 1,603.43 ($26.83).
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.