Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reaffirmed by stock analysts at Citigroup Inc. in a report released on Friday.

Several other research firms also recently weighed in on BRBY. J P Morgan Chase & Co raised their price target on Burberry Group plc from GBX 1,620 ($21.31) to GBX 1,800 ($23.67) and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Kepler Capital Markets reissued a “hold” rating and set a GBX 1,820 ($23.94) price target on shares of Burberry Group plc in a research report on Wednesday, November 1st. Deutsche Bank AG raised their price target on Burberry Group plc from GBX 1,775 ($23.35) to GBX 1,800 ($23.67) and gave the stock a “hold” rating in a research report on Thursday, October 12th. Berenberg Bank reissued a “buy” rating and set a GBX 1,900 ($24.99) price target on shares of Burberry Group plc in a research report on Thursday, October 12th. Finally, BNP Paribas reissued a “neutral” rating and set a GBX 1,650 ($21.70) price target on shares of Burberry Group plc in a research report on Tuesday, August 8th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Burberry Group plc presently has a consensus rating of “Hold” and an average price target of GBX 1,715.29 ($22.56).

Burberry Group plc (LON:BRBY) traded down GBX 41 ($0.54) during trading on Friday, reaching GBX 1,746 ($22.96). The company’s stock had a trading volume of 8,777,814 shares, compared to its average volume of 2,100,000. Burberry Group plc has a one year low of GBX 1,367 ($17.98) and a one year high of GBX 2,024 ($26.62).

COPYRIGHT VIOLATION NOTICE: “Burberry Group plc’s (BRBY) Neutral Rating Reiterated at Citigroup Inc.” was posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/12/burberry-group-plcs-brby-neutral-rating-reiterated-at-citigroup-inc.html.

Burberry Group plc Company Profile

Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company’s segments include retail/wholesale and licensing. The Retail/wholesale segment is engaged in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce, as well as Burberry franchisees, prestige department stores globally and multi-brand specialty accounts.

Analyst Recommendations for Burberry Group plc (LON:BRBY)

Receive News & Ratings for Burberry Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group plc and related companies with MarketBeat.com's FREE daily email newsletter.