Burberry Group plc Earns Market Perform Rating from Sanford C. Bernstein (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “market perform” rating restated by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Friday. They currently have a GBX 1,615 ($27.00) price objective on the stock. Sanford C. Bernstein’s target price suggests a potential upside of 12.00% from the company’s current price.
Shares of Burberry Group plc (LON:BRBY) opened at 1432.00 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 1438. and a 200-day moving average of GBX 1464.. The company’s market cap is £6.278 billion.
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, August 7th. They now have a GBX 1,700 ($28.42) 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 ($25.91) price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Burberry Group plc currently has an average rating of “Hold” and an average price target of GBX 1,597.73 ($26.71).
Burberry Group plc (LON:BRBY) is a holding company.
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