Burberry Group plc Receives “Hold” Rating from Deutsche Bank (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank in a report released on Thursday. They currently have a GBX 1,575 ($27.02) price objective on the stock. Deutsche Bank’s price objective suggests a potential upside of 7.58% from the company’s current price.
A number of other firms have also recently commented on BRBY. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Burberry Group plc in a research note on Wednesday. They now have a GBX 1,620 ($27.79) price target on the stock. Separately, analysts at Aurel – BGC reiterated a “buy” rating on shares of Burberry Group plc in a research note on Monday. They now have a GBX 1,700 ($29.16) price target on the stock. Finally, analysts at Societe Generale cut their price target on shares of Burberry Group plc from GBX 1,560 ($26.76) to GBX 1,520 ($26.07) in a research note on Friday, July 4th. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 1,612.17 ($27.65).
Burberry Group plc (LON:BRBY) traded up 3.17% during mid-day trading on Thursday, hitting GBX 1464.00. 7,683,851 shares of the company’s stock traded hands. Burberry Group plc has a 52 week low of GBX 1348.00 and a 52 week high of GBX 1687.0001. The stock has a 50-day moving average of GBX 1479. and a 200-day moving average of GBX 1473.. The company’s market cap is £6.419 billion.
Burberry Group plc (LON:BRBY) is a holding company.
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