Brokerages Set Burberry Group plc (LON:BRBY) Price Target at GBX 1,617.60
Burberry Group plc (LON:BRBY) has been given a consensus rating of “Hold” by the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,617.60 ($21.14).
Several research firms recently commented on BRBY. Societe Generale reduced their price objective on shares of Burberry Group from GBX 1,750 ($22.87) to GBX 1,720 ($22.47) and set a “buy” rating for the company in a research note on Thursday, July 16th. Morgan Stanley reiterated an “equal weight” rating on shares of Burberry Group in a research note on Monday, July 13th. Deutsche Bank reiterated a “hold” rating on shares of Burberry Group in a research note on Thursday, July 16th. Citigroup reiterated a “hold” rating on shares of Burberry Group in a research note on Thursday, July 16th. Finally, UBS Group reiterated a “sell” rating on shares of Burberry Group in a research note on Thursday, July 16th.
LON:BRBY opened at GBX 1,583.50 ($20.69) on Friday. Burberry Group has a one year low of GBX 1,017 ($13.29) and a one year high of GBX 2,340 ($30.58). The company has a debt-to-equity ratio of 120.37, a quick ratio of 1.64 and a current ratio of 2.31. The firm has a market cap of $6.41 billion and a P/E ratio of 53.14. The firm has a 50-day simple moving average of GBX 1,399.42 and a 200-day simple moving average of GBX 1,444.50.
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.
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