Deutsche Bank Trims Burberry Group (BRBY) Target Price to GBX 1,700
Burberry Group (LON:BRBY) had its price objective cut by Deutsche Bank from GBX 1,750 ($23.55) to GBX 1,700 ($22.88) in a report issued on Tuesday morning. They currently have a hold rating on the stock.
BRBY has been the subject of several other reports. increased their price target on Burberry Group from GBX 1,580 ($21.27) to GBX 1,680 ($22.61) and gave the stock a reduce rating in a report on Monday, October 2nd. Bryan, Garnier & Co restated a sell rating on shares of Burberry Group in a report on Monday, September 11th. Barclays restated an overweight rating and issued a GBX 1,900 ($25.57) price target on shares of Burberry Group in a report on Thursday, October 5th. Societe Generale increased their price target on Burberry Group from GBX 1,715 ($23.08) to GBX 1,890 ($25.44) and gave the stock a hold rating in a report on Monday, September 4th. Finally, Morgan Stanley increased their price target on Burberry Group from GBX 1,495 ($20.12) to GBX 1,748 ($23.53) and gave the stock an equal weight rating in a report on Tuesday, September 19th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. Burberry Group has an average rating of Hold and a consensus price target of GBX 1,714.81 ($23.08).
Shares of Burberry Group (LON BRBY) opened at GBX 1,731.48 ($23.30) on Tuesday. Burberry Group has a one year low of GBX 1,425 ($19.18) and a one year high of GBX 2,024 ($27.24).
Burberry Group Company Profile
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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