Societe Generale Reiterates “Hold” Rating for Burberry Group plc (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “hold” rating reaffirmed by equities research analysts at Societe Generale in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 1,560 ($26.28) target price on the stock. Societe Generale’s price target suggests a potential upside of 2.23% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Burberry Group plc in a research note on Thursday, May 1st. They now have a GBX 1,690 ($28.47) price target on the stock. Separately, analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of Burberry Group plc in a research note on Wednesday, April 30th. They now have a GBX 1,512 ($25.47) price target on the stock. Finally, analysts at Berenberg Bank raised their price target on shares of Burberry Group plc from GBX 1,500 ($25.27) to GBX 1,550 ($26.11) in a research note on Friday, April 25th. They now have a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 1,601.55 ($26.98).
Burberry Group plc (LON:BRBY) traded up 0.13% during mid-day trading on Tuesday, hitting GBX 1528.00. 296,273 shares of the company’s stock traded hands. Burberry Group plc has a 52 week low of GBX 1267.00 and a 52 week high of GBX 1687.0001. The stock has a 50-day moving average of GBX 1441. and a 200-day moving average of GBX 1476.. The company’s market cap is £6.685 billion.
Burberry Group plc (LON:BRBY) is a holding company.
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