BNP Paribas Reaffirms “Neutral” Rating for Burberry Group (BRBY)
Burberry Group (LON:BRBY)‘s stock had its “neutral” rating reaffirmed by research analysts at BNP Paribas in a report issued on Monday. They presently have a GBX 1,550 ($21.41) price objective on the stock. BNP Paribas’ target price suggests a potential downside of 0.67% from the stock’s current price.
Other analysts also recently issued reports about the company. Bryan, Garnier & Co restated a “sell” rating on shares of Burberry Group in a research note on Friday, November 10th. Barclays restated an “overweight” rating and set a GBX 1,800 ($24.87) target price on shares of Burberry Group in a research note on Wednesday, January 17th. Beaufort Securities decreased their price target on Burberry Group from GBX 1,980 ($27.36) to GBX 1,872 ($25.86) and set a “buy” rating for the company in a research note on Thursday, January 18th. Jefferies Group began coverage on Burberry Group in a research note on Thursday, February 1st. They issued a “hold” rating and a GBX 1,650 ($22.80) price target for the company. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,890 ($26.11) price target on shares of Burberry Group in a research note on Friday, February 16th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 1,700.50 ($23.49).
Shares of Burberry Group (LON BRBY) opened at GBX 1,560.50 ($21.56) on Monday. The firm has a market capitalization of $6,530.00 and a PE ratio of 2,229.29. Burberry Group has a 52 week low of GBX 1,481.50 ($20.47) and a 52 week high of GBX 2,024 ($27.96).
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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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