JPMorgan Chase & Co. Reaffirms Neutral Rating for Burberry Group (BRBY)
Burberry Group (LON:BRBY)‘s stock had its “neutral” rating reissued by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday. They currently have a GBX 1,720 ($23.33) target price on the stock. JPMorgan Chase & Co.’s price target suggests a potential downside of 2.93% from the stock’s current price.
A number of other equities research analysts also recently weighed in on BRBY. Bryan, Garnier & Co reaffirmed a “sell” rating on shares of Burberry Group in a report on Monday, September 11th. Morgan Stanley raised their price objective on Burberry Group from GBX 1,495 ($20.27) to GBX 1,748 ($23.70) and gave the company an “equal weight” rating in a report on Tuesday, September 19th. Deutsche Bank raised their price objective on Burberry Group from GBX 1,650 ($22.38) to GBX 1,775 ($24.07) and gave the company a “hold” rating in a report on Wednesday, September 27th. raised their price objective on Burberry Group from GBX 1,580 ($21.43) to GBX 1,680 ($22.78) and gave the company a “reduce” rating in a report on Monday, October 2nd. Finally, Royal Bank of Canada raised their price objective on Burberry Group from GBX 1,550 ($21.02) to GBX 1,600 ($21.70) and gave the company an “underperform” rating in a report on Tuesday, October 3rd. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. Burberry Group has a consensus rating of “Hold” and a consensus price target of GBX 1,714.81 ($23.25).
Shares of Burberry Group (BRBY) opened at GBX 1,772 ($24.03) on Monday. The firm has a market capitalization of $7,540.00 and a price-to-earnings ratio of 2,531.43. Burberry Group has a twelve month low of GBX 1,472 ($19.96) and a twelve month high of GBX 2,024 ($27.45).
About Burberry Group
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 & Stock 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 stocks with our FREE daily email newsletter.