Burberry Group plc (BRBY) Receives Buy Rating from Beaufort Securities
Beaufort Securities restated their buy rating on shares of Burberry Group plc (LON:BRBY) in a research report released on Thursday. Beaufort Securities currently has a GBX 1,920 ($24.17) price objective on the stock.
Several other equities research analysts have also weighed in on BRBY. Bryan, Garnier & Co lowered Burberry Group plc to a sell rating and set a GBX 1,350 ($16.99) price objective for the company. in a report on Wednesday, January 4th. BNP Paribas restated a neutral rating and issued a GBX 1,590 ($20.01) target price on shares of Burberry Group plc in a research report on Monday, February 27th. Berenberg Bank reaffirmed a buy rating and issued a GBX 1,800 ($22.66) price target on shares of Burberry Group plc in a research note on Monday, January 30th. Deutsche Bank AG boosted their target price on Burberry Group plc from GBX 1,475 ($18.57) to GBX 1,525 ($19.19) and gave the company a hold rating in a research note on Thursday, January 19th. Finally, Barclays PLC upgraded Burberry Group plc to an overweight rating and lifted their price target for the company from GBX 1,450 ($18.25) to GBX 1,760 ($22.15) in a research report on Wednesday, January 11th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. Burberry Group plc presently has a consensus rating of Hold and a consensus price target of GBX 1,590.39 ($20.02).
Burberry Group plc (LON:BRBY) traded down 0.63% on Thursday, reaching GBX 1582.00. 2,761,666 shares of the company traded hands. The stock’s market capitalization is GBX 6.94 billion. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,838.00. The firm has a 50 day moving average of GBX 1,746.00 and a 200-day moving average of GBX 1,575.55.
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About Burberry Group plc
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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