Burberry Group (BRBY) Earns “Neutral” Rating from JPMorgan Chase & Co.

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).

COPYRIGHT VIOLATION NOTICE: “Burberry Group (BRBY) Earns “Neutral” Rating from JPMorgan Chase & Co.” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/21/burberry-group-brby-earns-neutral-rating-from-jpmorgan-chase-co.html.

About Burberry Group

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

Leave a Reply