Burberry Group (LON:BRBY) had its target price decreased by Beaufort Securities from GBX 1,980 ($26.85) to GBX 1,872 ($25.39) in a report issued on Thursday. The firm presently has a “buy” rating on the stock. Beaufort Securities’ target price suggests a potential upside of 17.26% from the stock’s current price.
Several other equities research analysts also recently issued reports on the stock. Deutsche Bank dropped their price target on shares of Burberry Group from GBX 1,700 ($23.05) to GBX 1,625 ($22.04) and set a “hold” rating on the stock in a research note on Thursday. Barclays reaffirmed an “overweight” rating and set a GBX 1,800 ($24.41) price target on shares of Burberry Group in a research note on Wednesday. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 1,900 ($25.77) price target on shares of Burberry Group in a research note on Tuesday, January 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,720 ($23.33) price target on shares of Burberry Group in a research note on Monday, January 8th. Finally, Berenberg Bank dropped their target price on shares of Burberry Group from GBX 2,000 ($27.12) to GBX 1,940 ($26.31) and set a “buy” rating for the company in a research report on Friday, November 24th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Burberry Group presently has a consensus rating of “Hold” and an average target price of GBX 1,705 ($23.12).
Burberry Group (BRBY) traded up GBX 8 ($0.11) during 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. 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 cap of $6,760.00 and a P/E ratio of 2,280.71.
COPYRIGHT VIOLATION WARNING: This news story was posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/21/burberry-group-brby-price-target-cut-to-gbx-1872-by-analysts-at-beaufort-securities.html.
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.
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.