Burberry Group PLC (LON:BRBY) Rating Reaffirmed
The equities firm has just set a target PPS of GBX 1050.00 on Burberry Group PLC (LON:BRBY) shares. This is -13.40% from the last close price. In an interesting research report issued to investors and clients on 7 December, Liberum Capital reaffirmed their Sell rating on shares of BRBY.
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 24.49% above today’s (GBX 1215) stock price. Burberry Group PLC was the topic of 74 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Societe Generale maintained shares on December 4 with “Hold” rating. Barclays Capital maintained shares with “Equalweight” rating and GBX 1425 target share price in a report from a November 23. BNP Paribas maintained BRBY stock in a recent report from November 25 with “Neutral” rating. Bernstein maintained the rating on November 20. Bernstein has a “Market Perform” rating and a GBX 1425 price target on shares. Finally, Credit Suisse maintained the stock with “Underperform” rating in a report issued on a November 24.
Approximately 318,427 shares of stock traded hands. Burberry Group plc (LON:BRBY) has declined 32.47% since May 8, 2015 and is downtrending. It has underperformed by 31.39% the S&P500.
Burberry Group PLC is a United Kingdom manufacturer, wholesaler and retailer of luxury goods. The company has a market cap of 5.40 billion GBP. The Firm designs, produces and sells products under the Burberry brand. It has 15.49 P/E ratio. The Company’s product categories include women’s and men’s apparel and accessories and beauty.