Burberry Group (BRBY) Receives Hold Rating from Jefferies Financial Group
Burberry Group (LON:BRBY)‘s stock had its “hold” rating reissued by analysts at Jefferies Financial Group in a research report issued on Friday.
A number of other research firms also recently commented on BRBY. Goldman Sachs Group downgraded shares of Burberry Group to a “neutral” rating and boosted their price objective for the stock from GBX 2,395 ($31.29) to GBX 2,536 ($33.14) in a report on Friday, September 7th. JPMorgan Chase & Co. boosted their price objective on shares of Burberry Group from GBX 1,850 ($24.17) to GBX 1,900 ($24.83) and gave the stock a “neutral” rating in a report on Friday, November 9th. Deutsche Bank reissued 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. Credit Suisse Group upped their price target on shares of Burberry Group from GBX 1,850 ($24.17) to GBX 2,200 ($28.75) and gave the company an “outperform” rating in a report on Thursday, August 23rd. Finally, BNP Paribas upped their price target on shares of Burberry Group from GBX 1,800 ($23.52) to GBX 1,950 ($25.48) and gave the company a “neutral” rating in a report on Friday, August 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 2,009.56 ($26.26).
BRBY stock opened at GBX 1,805.50 ($23.59) on Friday. 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 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.
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