Deutsche Bank Reiterates Hold Rating for Burberry Group (BRBY)

Deutsche Bank reaffirmed their hold rating on shares of Burberry Group (LON:BRBY) in a research report report published on Monday morning. They currently have a GBX 1,800 ($23.52) target price on the stock.

Several other research analysts also recently issued reports on BRBY. JPMorgan Chase & Co. dropped their price objective on shares of Burberry Group from GBX 1,720 ($22.47) to GBX 1,710 ($22.34) and set a neutral rating on the stock in a report on Tuesday, July 3rd. Kepler Capital Markets downgraded shares of Burberry Group to a reduce rating and boosted their price objective for the stock from GBX 1,640 ($21.43) to GBX 1,870 ($24.43) in a report on Wednesday, July 11th. UBS Group restated a neutral rating on shares of Burberry Group in a report on Thursday, July 12th. Berenberg Bank restated a buy rating and set a GBX 2,220 ($29.01) price objective on shares of Burberry Group in a report on Thursday, July 12th. Finally, Societe Generale boosted their price objective on shares of Burberry Group from GBX 1,920 ($25.09) to GBX 2,500 ($32.67) and gave the stock a buy rating in a report on Wednesday, July 18th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 2,015.81 ($26.34).

LON:BRBY opened at GBX 1,722.50 ($22.51) on Monday. Burberry Group has a 52-week low of GBX 1,481.50 ($19.36) and a 52-week high of GBX 2,024 ($26.45).

Burberry Group Company Profile

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.

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Analyst Recommendations for Burberry Group (LON:BRBY)

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