Burberry Group PLC (LON:BRBY) Rating Kept
Deutsche Bank have a GBX 1450.00 PT on the stock. The PT indicates a potential upside of 1.43% from Burberry Group PLC (LON:BRBY)’s stock close price. This rating was revealed to investors in a note on Friday morning.
Out of 16 analysts covering Burberry Group PLC (LON:BRBY), 5 rate it “Buy”, 1 “Sell”, while 10 “Hold”. This means 31% are positive. GBX 2323 is the highest target while GBX 1250 is the lowest. The GBX 1603 average target is 25.79% above today’s (GBX 1274.37) stock price. Burberry Group PLC was the topic in 42 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock on October 16 with “Equal Weight” rating. Nomura maintained it with “Buy” rating and GBX 1700 target price in an October 15 report. Goldman Sachs maintained the shares of BRBY in a report on October 16 with “Conviction Buy” rating. Bernstein maintained the firm’s rating on October 12. Bernstein has “Market Perform” rating and GBX 1570 price target. Finally, Jefferies maintained the stock with “Hold” rating in an October 16 report.
Burberry Group plc (LON:BRBY) has declined 30.37% since March 19, 2015 and is downtrending. It has underperformed by 28.94% the S&P500.
Burberry Group PLC is a United Kingdom manufacturer, wholesaler and retailer of luxury goods. The company has a market cap of 6.31 billion GBP. The Firm designs, produces and sells products under the Burberry brand. It has 16.98 P/E ratio. The Company’s product categories include women’s and men’s apparel and accessories and beauty.
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