Burberry Group (LON:BRBY) Rating Reaffirmed
Recently, In a note made public on Tuesday, 8 December, Burberry Group (LON:BRBY) shares have had their “Market Perform” Rating reaffirmed by research analysts at Bernstein, who currently has a GBX 1425 PT on firm. This target by Bernstein would now indicate the possibile upside of 17.96% from the previous stock close.
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 24.29% above today’s (GBX 1200) stock price. Burberry Group PLC was the topic of 75 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on December 7 with “Sell” rating. Credit Suisse maintained shares with “Underperform” rating and GBX 1250 target share price in a report from a November 24. Citigroup maintained BRBY stock in a recent report from November 27 with “Neutral” rating. Barclays Capital maintained the rating on November 23. Barclays Capital has a “Equalweight” rating and a GBX 1425 price target on shares. Finally, Nomura downgraded the stock to “Neutral” rating in a report issued on a November 24.
Approximately 556,597 shares of stock traded hands. Burberry Group plc (LON:BRBY) has declined 31.53% since May 11, 2015 and is downtrending. It has underperformed by 30.94% the S&P500.
Burberry Group PLC is a United Kingdom manufacturer, wholesaler and retailer of luxury goods. The company has a market cap of 5.27 billion GBP. The Firm designs, produces and sells products under the Burberry brand. It has 15.3 P/E ratio. The Company’s product categories include women’s and men’s apparel and accessories and beauty.