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 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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