Burberry Group (BRBY) Stock Rating Reaffirmed by Jefferies Financial Group
Jefferies Financial Group restated their hold rating on shares of Burberry Group (LON:BRBY) in a research report released on Friday morning. They currently have a GBX 2,060 ($26.92) target price on the stock.
A number of other equities analysts also recently issued reports on the stock. Deutsche Bank reaffirmed a hold rating and set a GBX 1,800 ($23.52) price objective on shares of Burberry Group in a report on Monday, October 29th. HSBC upgraded Burberry Group to a hold rating and lowered their target price for the stock from GBX 2,100 ($27.44) to GBX 1,950 ($25.48) in a research note on Friday, October 26th. JPMorgan Chase & Co. lifted their target price on Burberry Group from GBX 1,710 ($22.34) to GBX 1,850 ($24.17) and gave the stock a neutral rating in a research note on Thursday, October 25th. Berenberg Bank lifted their target price on Burberry Group from GBX 1,890 ($24.70) to GBX 2,270 ($29.66) and gave the stock a buy rating in a research note on Tuesday, October 23rd. Finally, Goldman Sachs Group cut Burberry Group to a neutral rating and lifted their target price for the stock from GBX 2,395 ($31.29) to GBX 2,536 ($33.14) in a research note on Friday, September 7th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 2,009.56 ($26.26).
BRBY traded down GBX 91 ($1.19) during mid-day trading on Friday, reaching GBX 1,773.50 ($23.17). 3,822,600 shares of the stock were exchanged, compared to its average volume of 2,130,000. Burberry Group has a 1 year low of GBX 1,481.50 ($19.36) and a 1 year high of GBX 2,024 ($26.45).
About Burberry Group
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.
Read More: How a Put Option Works
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.