Nomura Reaffirms “Neutral” Rating for Mulberry Group PLC (LON:MUL) stock. What’s the Best Move for Investors?

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Mulberry Group PLC (LON:MUL) Rating Reaffirmed

In an analyst note issued to investors and clients on Monday, 7 December, Nomura reconfirmed their “Neutral” rating on Mulberry Group PLC (LON:MUL) shares.

From a total of 3 analysts covering Mulberry Group PLC (LON:MUL) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 0% of the ratings are positive. The highest target price is GBX 950 while the lowest target price is GBX 800. The mean of all analyst targets is GBX 875.63 with a 0.32% above today’s (GBX 910.5) stock price. Mulberry Group PLC was the topic of 2 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on November 24 with “Neutral” rating.

Approximately 25 shares of stock traded hands. Mulberry Group PLC (LON:MUL) has risen 1.66% since May 8, 2015 and is uptrending. It has outperformed by 2.74% the S&P500.

Nomura Reaffirms

Mulberry Group plc designs, develops, makes, markets and sells products under the Mulberry brand name. The company has a market cap of 546.28 million GBP. The Firm operates in two divisions: Retail business and Design business. It currently has negative earnings. Retail business comprises sale of Mulberry branded fashion accessories, clothing and footwear through a range of shops and department store concessions.

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