Burberry Group plc’s (BRBY) Neutral Rating Reiterated at Citigroup Inc.
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).
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.
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