Burberry Group’s (BRBY) Neutral Rating Reaffirmed at UBS Group
UBS Group reissued their neutral rating on shares of Burberry Group (LON:BRBY) in a research report released on Friday morning, investing.thisismoney.co.uk reports. UBS Group currently has a GBX 2,000 ($26.13) price target on the stock, down from their previous price target of GBX 2,150 ($28.09).
Other equities analysts have also issued research reports about the stock. Berenberg Bank raised their price objective on shares of Burberry Group from GBX 1,890 ($24.70) to GBX 2,270 ($29.66) and gave the company a buy rating in a research report on Tuesday, October 23rd. Societe Generale raised their price objective on shares of Burberry Group from GBX 1,920 ($25.09) to GBX 2,500 ($32.67) and gave the company a buy rating in a research report on Wednesday, July 18th. Deutsche Bank upped their price objective on shares of Burberry Group from GBX 1,725 ($22.54) to GBX 1,800 ($23.52) and gave the company a hold rating in a research note on Thursday, July 12th. Jefferies Financial Group reaffirmed a hold rating and set a GBX 2,060 ($26.92) price objective (up from GBX 1,650 ($21.56)) on shares of Burberry Group in a research note on Friday, October 5th. Finally, HSBC raised shares of Burberry Group to a hold rating and reduced their price objective for the company from GBX 2,100 ($27.44) to GBX 1,950 ($25.48) in a research note on Friday, October 26th. 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 company’s stock. The company currently has an average rating of Hold and an average target price of GBX 2,009.56 ($26.26).
Shares of LON:BRBY traded down GBX 91 ($1.19) during trading hours on Friday, hitting GBX 1,773.50 ($23.17). 3,822,600 shares of the company’s stock traded hands, compared to its average volume of 2,130,000. Burberry Group has a 52 week low of GBX 1,481.50 ($19.36) and a 52 week high of GBX 2,024 ($26.45).
Burberry Group Company Profile
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.
Further Reading: Institutional Investors
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