Burberry Group (BRBY) Earns “Overweight” Rating from Barclays
Burberry Group (LON:BRBY)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays in a research report issued to clients and investors on Thursday, January 4th. They presently have a GBX 1,900 ($26.68) price objective on the stock. Barclays’ price target would suggest a potential upside of 17.72% from the stock’s current price.
BRBY has been the topic of a number of other reports. Credit Suisse Group upped their price target on Burberry Group from GBX 1,650 ($23.17) to GBX 2,000 ($28.09) and gave the stock an “outperform” rating in a research report on Friday, September 8th. Bryan, Garnier & Co reaffirmed a “sell” rating on shares of Burberry Group in a research report on Monday, September 11th. Morgan Stanley upped their price target on Burberry Group from GBX 1,495 ($20.99) to GBX 1,748 ($24.55) and gave the stock an “equal weight” rating in a research report on Tuesday, September 19th. Deutsche Bank upped their price target on Burberry Group from GBX 1,650 ($23.17) to GBX 1,775 ($24.93) and gave the stock a “hold” rating in a research report on Wednesday, September 27th. Finally, upped their price target on Burberry Group from GBX 1,580 ($22.19) to GBX 1,680 ($23.59) and gave the stock a “reduce” rating in a research report on Monday, October 2nd. Five research 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. Burberry Group currently has a consensus rating of “Hold” and an average price target of GBX 1,714.74 ($24.08).
Shares of Burberry Group (BRBY) traded up GBX 2.50 ($0.04) during trading hours on Thursday, reaching GBX 1,614 ($22.67). 1,970,000 shares of the company were exchanged, compared to its average volume of 1,640,000. The company has a market capitalization of $6,810.00 and a P/E ratio of 2,305.71. Burberry Group has a 52 week low of GBX 1,543 ($21.67) and a 52 week high of GBX 2,024 ($28.42).
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.
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.