Burberry Group plc (BRBY) Given Consensus Rating of “Hold” by Analysts

Burberry Group plc (BRBY) Given Consensus Rating of “Hold” by Analysts

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Burberry Group plc (LON:BRBY) has been given a consensus recommendation of “Hold” by the twenty-one analysts that are presently covering the firm. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 1,490.88 ($18.63).

Several analysts have issued reports on BRBY shares. Haitong Bank raised their price target on shares of Burberry Group plc from GBX 1,400 ($17.50) to GBX 1,415 ($17.68) and gave the stock a “neutral” rating in a research report on Monday, October 24th. BNP Paribas restated a “neutral” rating and issued a GBX 1,490 ($18.62) price target on shares of Burberry Group plc in a research report on Thursday, November 3rd. Royal Bank Of Canada upgraded shares of Burberry Group plc to a “sector performer” rating and raised their price target for the stock from GBX 1,400 ($17.50) to GBX 1,450 ($18.12) in a research report on Thursday, October 20th. Credit Suisse Group raised their price target on shares of Burberry Group plc from GBX 1,150 ($14.37) to GBX 1,300 ($16.25) and gave the stock an “underperform” rating in a research report on Tuesday, October 25th. Finally, Barclays PLC restated an “overweight” rating and issued a GBX 1,760 ($21.99) price target on shares of Burberry Group plc in a research report on Thursday, January 19th.

Burberry Group plc (LON:BRBY) opened at 1654.00 on Friday. The firm has a 50-day moving average of GBX 1,593.54 and a 200 day moving average of GBX 1,449.67. Burberry Group plc has a 52-week low of GBX 1,039.00 and a 52-week high of GBX 1,692.00. The company’s market cap is GBX 7.26 billion.

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About Burberry Group plc

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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Dan specializes in matters of money management and personal finance and has been published on numerous financial, business, health and wellness and sports websites.

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