Barclays Reiterates Equal weight Rating for Burberry Group plc (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Barclays in a research note issued to investors on Friday. They currently have a GBX 1,550 ($26.59) target price on the stock. Barclays’ price objective would indicate a potential upside of 6.75% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of Burberry Group plc in a research note on Friday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Burberry Group plc in a research note on Thursday. They now have a GBX 1,550 ($26.59) price target on the stock, down previously from GBX 1,575 ($27.02). Finally, 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. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,587.40 ($27.23).
Shares of Burberry Group plc (LON:BRBY) traded down 0.82% on Friday, hitting GBX 1452.00. 1,876,267 shares of the company’s stock traded hands. Burberry Group plc has a 1-year low of GBX 1348.00 and a 1-year high of GBX 1687.0001. The stock’s 50-day moving average is GBX 1477. and its 200-day moving average is GBX 1473.68. The company’s market cap is £6.366 billion.
Burberry Group plc (LON:BRBY) is a holding company.
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