Burberry Group (BRBY) Given “Overweight” Rating at Barclays
BRBY has been the subject of several other reports. Societe Generale reaffirmed a hold rating and set a GBX 1,800 ($24.41) price target on shares of Burberry Group in a research note on Friday, November 10th. Deutsche Bank raised their price target on shares of Burberry Group from GBX 1,650 ($22.38) to GBX 1,775 ($24.07) and gave the stock a hold rating in a research note on Wednesday, September 27th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 1,900 ($25.77) price target on shares of Burberry Group in a research note on Tuesday, January 16th. Berenberg Bank reissued a buy rating and issued a GBX 1,900 ($25.77) target price on shares of Burberry Group in a research note on Thursday, October 12th. Finally, Morgan Stanley raised their target price on shares of Burberry Group from GBX 1,495 ($20.27) to GBX 1,748 ($23.70) and gave the company an equal weight rating in a research note on Tuesday, September 19th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 1,705 ($23.12).
Burberry Group (LON:BRBY) opened at GBX 1,595.50 ($21.64) on Wednesday. The firm has a market cap of $6,760.00 and a P/E ratio of 2,279.29. Burberry Group has a 52 week low of GBX 1,543 ($20.92) and a 52 week high of GBX 2,024 ($27.45).
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Burberry Group Company Profile
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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