Burberry Group plc (BRBY) Receives Neutral Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Burberry Group plc (LON:BRBY) in a report published on Thursday. The brokerage currently has a GBX 1,600 ($20.14) price target on the stock.

A number of other research analysts have also recently weighed in on BRBY. Bryan, Garnier & Co cut shares of Burberry Group plc to a sell rating and set a GBX 1,350 ($16.99) price objective for the company. in a research note on Wednesday, January 4th. BNP Paribas reissued a neutral rating and set a GBX 1,590 ($20.01) price objective on shares of Burberry Group plc in a research note on Tuesday, January 10th. Barclays PLC raised shares of Burberry Group plc to an overweight rating and raised their price objective for the stock from GBX 1,450 ($18.25) to GBX 1,760 ($22.15) in a research note on Wednesday, January 11th. HSBC Holdings plc reissued a hold rating and set a GBX 1,630 ($20.52) price objective on shares of Burberry Group plc in a research note on Wednesday, January 11th. Finally, Haitong Bank reissued a neutral rating and set a GBX 1,415 ($17.81) price objective on shares of Burberry Group plc in a research note on Tuesday, January 17th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 1,590.39 ($20.02).

Analyst Recommendations for Burberry Group plc (LON:BRBY)

Burberry Group plc (LON:BRBY) traded down 0.63% during trading on Thursday, reaching GBX 1582.00. The company had a trading volume of 2,761,666 shares. Burberry Group plc has a 1-year low of GBX 1,039.00 and a 1-year high of GBX 1,838.00. The firm has a 50-day moving average of GBX 1,746.00 and a 200-day moving average of GBX 1,575.55. The stock’s market capitalization is GBX 6.94 billion.

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Burberry Group plc 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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