Burberry Group plc (LON:BRBY) had its price target raised by equities researchers at Beaufort Securities from GBX 1,920 ($25.25) to GBX 1,980 ($26.04) in a report issued on Friday. The firm presently has a “buy” rating on the stock. Beaufort Securities’ target price would suggest a potential upside of 13.40% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Deutsche Bank AG restated a “hold” rating and set a GBX 1,650 ($21.70) price target on shares of Burberry Group plc in a research report on Thursday, July 13th. BNP Paribas restated a “neutral” rating and set a GBX 1,650 ($21.70) price target on shares of Burberry Group plc in a research report on Tuesday, August 8th. Credit Suisse Group dropped their price target on Burberry Group plc from GBX 2,100 ($27.62) to GBX 1,900 ($24.99) and set an “outperform” rating on the stock in a research report on Friday. Liberum Capital restated a “sell” rating and set a GBX 1,350 ($17.76) price target on shares of Burberry Group plc in a research report on Friday, August 25th. Finally, J P Morgan Chase & Co boosted their target price on Burberry Group plc from GBX 1,600 ($21.04) to GBX 1,620 ($21.31) and gave the stock a “neutral” rating in a report on Thursday, July 13th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,715.29 ($22.56).
Shares of Burberry Group plc (LON BRBY) opened at GBX 1,746 ($22.96) on Friday. Burberry Group plc has a 1 year low of GBX 1,367 ($17.98) and a 1 year high of GBX 2,024 ($26.62).
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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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