Sanford C. Bernstein Reiterates “Market Perform” Rating for Burberry Group plc (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “market perform” rating restated by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Friday. They currently have a GBX 1,615 ($27.17) price objective on the stock. Sanford C. Bernstein’s price target would indicate a potential upside of 14.54% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Burberry Group plc in a research note on Thursday. They now have a GBX 1,700 ($28.61) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “hold” rating on shares of Burberry Group plc in a research note on Monday, July 14th. They now have a GBX 1,550 ($26.08) price target on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,597.73 ($26.88).
Burberry Group plc (LON:BRBY) opened at 1425.00 on Friday. 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 1440. and a 200-day moving average of GBX 1465.81. The company’s market cap is £6.248 billion.
Burberry Group plc (LON:BRBY) is a holding company.
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