Burberry Group plc (BRBY) Given Consensus Rating of “Hold” by Brokerages
Burberry Group plc (LON:BRBY) has been given an average recommendation of “Hold” by the twenty-one research firms that are currently covering the stock. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 1,516.76 ($18.73).
A number of equities research analysts have recently weighed in on the company. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 1,590 ($19.64) price objective on shares of Burberry Group plc in a research note on Friday. Liberum Capital lifted their price objective on Burberry Group plc from GBX 1,200 ($14.82) to GBX 1,350 ($16.67) and gave the company a “sell” rating in a research note on Thursday, March 16th. Barclays PLC reiterated an “overweight” rating and issued a GBX 1,900 ($23.47) target price on shares of Burberry Group plc in a report on Monday. Macquarie reiterated a “neutral” rating and issued a GBX 1,400 ($17.29) target price on shares of Burberry Group plc in a report on Wednesday, March 1st. Finally, Haitong Bank lifted their target price on Burberry Group plc from GBX 1,415 ($17.48) to GBX 1,520 ($18.77) and gave the company a “neutral” rating in a report on Monday, January 23rd.
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Burberry Group plc (LON:BRBY) opened at 1779.00 on Tuesday. Burberry Group plc has a 12 month low of GBX 1,039.00 and a 12 month high of GBX 1,838.00. The firm’s market capitalization is GBX 7.81 billion. The company’s 50-day moving average price is GBX 1,698.33 and its 200 day moving average price is GBX 1,513.59.
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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