Burberry Group plc Given Hold Rating at Deutsche Bank (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Wednesday. They currently have a GBX 1,575 ($26.49) price target on the stock. Deutsche Bank’s target price would suggest a potential upside of 3.96% from the stock’s previous close.
A number of other firms have also recently commented on BRBY. Analysts at Aurel – BGC reiterated a “buy” rating on shares of Burberry Group plc in a research note on Tuesday. They now have a GBX 1,700 ($28.60) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Burberry Group plc in a research note on Monday. They now have a GBX 1,550 ($26.07) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Burberry Group plc in a research note on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 1,610.20 ($27.08).
Burberry Group plc (LON:BRBY) opened at 1532.00 on Wednesday. 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 1461. and a 200-day moving average of GBX 1475.. The company’s market cap is £6.702 billion.
Burberry Group plc (LON:BRBY) is a holding company.
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