Burberry Group (LON:BRBY)‘s stock had its “neutral” rating restated by JPMorgan Chase & Co. in a report released on Thursday. They currently have a GBX 1,720 ($23.33) price target on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 7.74% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Beaufort Securities cut their price target on shares of Burberry Group from GBX 1,980 ($26.85) to GBX 1,872 ($25.39) and set a “buy” rating for the company in a report on Thursday. Bryan, Garnier & Co restated a “sell” rating on shares of Burberry Group in a research report on Friday, November 10th. Barclays reiterated an “overweight” rating and issued a GBX 1,800 ($24.41) price target on shares of Burberry Group in a research report on Wednesday. Deutsche Bank lowered their price target on shares of Burberry Group from GBX 1,800 ($24.41) to GBX 1,750 ($23.73) and set a “hold” rating on the stock in a research report on Friday, November 10th. Finally, Societe Generale reiterated a “hold” rating and issued a GBX 1,800 ($24.41) price target on shares of Burberry Group in a research report on Friday, November 10th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Burberry Group presently has a consensus rating of “Hold” and an average price target of GBX 1,705 ($23.12).
Burberry Group (BRBY) traded up GBX 8 ($0.11) during midday trading on Thursday, reaching GBX 1,596.50 ($21.65). 3,065,732 shares of the company traded hands, compared to its average volume of 1,460,000. The stock has a market capitalization of $6,760.00 and a PE ratio of 2,280.71. Burberry Group has a 52-week low of GBX 1,543 ($20.92) and a 52-week high of GBX 2,024 ($27.45).
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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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