Burberry Group (LON:BRBY) had its price objective lowered by equities research analysts at Deutsche Bank from GBX 1,750 ($23.55) to GBX 1,700 ($22.88) in a report issued on Tuesday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target points to a potential downside of 2.16% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. J P Morgan Chase & Co increased their target price on shares of Burberry Group from GBX 1,620 ($21.80) to GBX 1,800 ($24.23) and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,900 ($25.57) target price on shares of Burberry Group in a research report on Thursday, October 12th. Credit Suisse Group increased their target price on shares of Burberry Group from GBX 1,650 ($22.21) to GBX 2,000 ($26.92) and gave the company an “outperform” rating in a research report on Friday, September 8th. Beaufort Securities increased their target price on shares of Burberry Group from GBX 1,920 ($25.84) to GBX 1,980 ($26.65) and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Citigroup reiterated a “neutral” rating on shares of Burberry Group in a research report on Friday, November 10th. Five investment 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. Burberry Group currently has a consensus rating of “Hold” and a consensus target price of GBX 1,714.81 ($23.08).

Shares of Burberry Group (LON:BRBY) traded up GBX 17.49 ($0.24) on Tuesday, reaching GBX 1,737.49 ($23.38). 1,380,000 shares of the company were exchanged, compared to its average volume of 2,500,000. Burberry Group has a 12-month low of GBX 1,439 ($19.37) and a 12-month high of GBX 2,024 ($27.24).

TRADEMARK VIOLATION WARNING: This news story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/10/burberry-group-brby-price-target-cut-to-gbx-1700-by-analysts-at-deutsche-bank.html.

Burberry Group 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 (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.