Burberry Group (LON:BRBY) had its target price lowered by equities researchers at Deutsche Bank from GBX 1,700 ($23.49) to GBX 1,625 ($22.45) in a note issued to investors on Thursday, January 18th. The firm presently has a “hold” rating on the stock. Deutsche Bank’s price objective would indicate a potential upside of 6.91% from the stock’s current price.
A number of other research firms have also recently commented on BRBY. lifted their price objective on shares of Burberry Group from GBX 1,580 ($21.83) to GBX 1,680 ($23.21) and gave the stock a “reduce” rating in a research report on Monday, October 2nd. Kepler Capital Markets dropped their target price on Burberry Group from GBX 1,820 ($25.15) to GBX 1,710 ($23.63) and set a “hold” rating for the company in a report on Friday, November 10th. JPMorgan Chase & Co. dropped their target price on Burberry Group from GBX 1,800 ($24.87) to GBX 1,720 ($23.76) and set a “neutral” rating for the company in a report on Friday, November 10th. Berenberg Bank dropped their target price on Burberry Group from GBX 2,000 ($27.63) to GBX 1,940 ($26.80) and set a “buy” rating for the company in a report on Friday, November 24th. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 1,900 ($26.25) price target on shares of Burberry Group in a research note on Thursday, October 5th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 1,708 ($23.60).
Burberry Group (LON BRBY) opened at GBX 1,520 ($21.00) on Thursday. Burberry Group has a 52-week low of GBX 1,481.50 ($20.47) and a 52-week high of GBX 2,024 ($27.96). The company has a market cap of $6,360.00 and a price-to-earnings ratio of 2,171.43.
In other Burberry Group news, insider Julie Brown sold 18,420 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of GBX 1,570 ($21.69), for a total value of £289,194 ($399,549.60).
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About Burberry Group
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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