Burberry Group plc (BRBY) Given Average Recommendation of “Hold” by Analysts
Shares of Burberry Group plc (LON:BRBY) have been given a consensus recommendation of “Hold” by the twenty-one ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 1,731.63 ($23.48).
A number of research firms have issued reports on BRBY. Deutsche Bank boosted their price objective on shares of Burberry Group from GBX 1,650 ($22.38) to GBX 1,775 ($24.07) and gave the company a “hold” rating in a research report on Wednesday, September 27th. Barclays restated an “overweight” rating and issued a GBX 1,900 ($25.77) price objective on shares of Burberry Group in a research report on Thursday, January 4th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 1,720 ($23.33) price objective on shares of Burberry Group in a research report on Monday. Royal Bank of Canada boosted their price objective on shares of Burberry Group from GBX 1,550 ($21.02) to GBX 1,600 ($21.70) and gave the company an “underperform” rating in a research report on Tuesday, October 3rd. Finally, Kepler Capital Markets restated a “hold” rating and issued a GBX 1,820 ($24.68) price objective on shares of Burberry Group in a research report on Wednesday, November 1st.
Burberry Group (BRBY) traded up GBX 11.50 ($0.16) during mid-day trading on Friday, hitting GBX 1,791 ($24.29). 1,896,057 shares of the company’s stock were exchanged, compared to its average volume of 1,290,000. Burberry Group has a 12-month low of GBX 1,543 ($20.92) and a 12-month high of GBX 2,024 ($27.45). The stock has a market capitalization of $7,620.00 and a PE ratio of 2,558.57.
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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.
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