Burberry Group (LON:BRBY)‘s stock had its “hold” rating reissued by equities researchers at Deutsche Bank in a note issued to investors on Monday. They currently have a GBX 1,800 ($23.52) price target on the stock. Deutsche Bank’s target price suggests a potential upside of 3.39% from the company’s previous close.
BRBY has been the subject of several other research reports. BNP Paribas boosted their price target on shares of Burberry Group from GBX 1,800 ($23.52) to GBX 1,950 ($25.48) and gave the company a “neutral” rating in a report on Friday, August 10th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 2,060 ($26.92) price target (up previously from GBX 1,650 ($21.56)) on shares of Burberry Group in a report on Friday, October 5th. Goldman Sachs Group cut shares of Burberry Group to a “neutral” rating and boosted their price objective for the company from GBX 2,395 ($31.29) to GBX 2,536 ($33.14) in a research report on Friday, September 7th. Berenberg Bank boosted their price objective on shares of Burberry Group from GBX 2,220 ($29.01) to GBX 2,350 ($30.71) and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, Kepler Capital Markets cut shares of Burberry Group to a “reduce” rating and boosted their price objective for the company from GBX 1,640 ($21.43) to GBX 1,870 ($24.43) in a research report on Wednesday, July 11th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Burberry Group currently has an average rating of “Hold” and a consensus target price of GBX 2,015.81 ($26.34).
Shares of BRBY stock opened at GBX 1,741 ($22.75) on Monday. Burberry Group has a 12-month low of GBX 1,481.50 ($19.36) and a 12-month high of GBX 2,024 ($26.45).
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.
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