Burberry Group’s (BRBY) Underperform Rating Reiterated at Royal Bank of Canada
Burberry Group (LON:BRBY)‘s stock had its “underperform” rating restated by stock analysts at Royal Bank of Canada in a research report issued on Friday. They presently have a GBX 1,600 ($22.11) price target on the stock. Royal Bank of Canada’s price objective points to a potential downside of 4.05% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Bryan, Garnier & Co reissued a “sell” rating on shares of Burberry Group in a research note on Friday, November 10th. Barclays reissued an “overweight” rating and issued a GBX 1,800 ($24.87) price objective on shares of Burberry Group in a research note on Wednesday, January 17th. Beaufort Securities cut their target price on shares of 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. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 1,900 ($26.25) target price on shares of Burberry Group in a research note on Thursday, March 1st. Finally, Deutsche Bank cut their target price on shares of Burberry Group from GBX 1,800 ($24.87) to GBX 1,750 ($24.18) and set a “hold” rating for the company in a research note on Friday, November 10th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,699.05 ($23.47).
Shares of Burberry Group (LON BRBY) opened at GBX 1,667.50 ($23.04) on Friday. The stock has a market cap of $6,970.00 and a price-to-earnings ratio of 2,382.14. 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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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.
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