Societe Generale Reaffirms Burberry Group (LON:BRBY) As a “Hold”; They Now Have a Price Target Of GBX 1400

Share

Burberry Group (LON:BRBY) Rating Reaffirmed

In a very recent research note sent to clients and investors this morning, Societe Generale has reaffirmed their “Hold” rating on Burberry Group (LON:BRBY) shares. The PT implies a possible upside of 15.99% from firm’s stock price.

From a total of 25 analysts covering Burberry Group PLC (LON:BRBY) stock, 8 rate it a ”Buy”, 3 a “Sell”, and 16 a ”Hold”. This means that 30% of the ratings are positive. The highest target price is GBX 1914 while the lowest target price is GBX 1250. The mean of all analyst targets is GBX 1511.76 with a 25.42% above today’s (GBX 1206) stock price. Burberry Group PLC was the topic of 73 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on November 27 with “Neutral” rating. Bernstein maintained shares with “Market Perform” rating and GBX 1425 target share price in a report from a November 20. Nomura downgraded BRBY stock in a recent report from November 24 to “Neutral” rating. Morgan Stanley maintained the rating on November 17. Morgan Stanley has a “Equal-Weight” rating and a GBX 1400 price target on shares. Finally, Barclays Capital maintained the stock with “Equalweight” rating in a report issued on a November 23.

Approximately 559,902 shares of stock traded hands. Burberry Group plc (LON:BRBY) has declined 31.01% since May 7, 2015 and is downtrending. It has underperformed by 28.23% the S&P500.

Societe Generale Reaffirms Burberry Group (LON:BRBY) As a

Burberry Group PLC is a United Kingdom manufacturer, wholesaler and retailer of luxury goods. The company has a market cap of 5.25 billion GBP. The Firm designs, produces and sells products under the Burberry brand. It has 15.38 P/E ratio. The Company’s product categories include women’s and men’s apparel and accessories and beauty.

COMMENTS: