Burberry Group (BRBY) Rating Reiterated by Deutsche Bank

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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 Company Profile

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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Analyst Recommendations for Burberry Group (LON:BRBY)

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