Burberry Group (LON:BRBY) Rating Reaffirmed
In analysts note distributed to Clients this morning, Exane BNP Paribas reconfirmed their Neutral rating on Burberry Group (LON:BRBY) shares. The Estimated Target Price means a possible upside of 31.00% from firm’s last close price.
From a total of 26 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 1050. The mean of all analyst targets is GBX 1486.31 with a 29.75% above today’s (GBX 1146) stock price. Burberry Group PLC was the topic of 78 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Societe Generale maintained shares on December 11 with “Hold” rating. Credit Suisse maintained shares with “Underperform” rating and GBX 1250 target share price in a report from a November 24. Bernstein maintained BRBY stock in a recent report from December 8 with “Market Perform” rating. Nomura downgraded the rating on November 24. Nomura has a “Neutral” rating and a GBX 1500 price target on shares. Finally, BNP Paribas maintained the stock with “Neutral” rating in a report issued on a November 25.
Approximately 219,461 shares of stock traded hands. Burberry Group plc (LON:BRBY) has declined 35.70% since May 15, 2015 and is downtrending. It has underperformed by 31.29% the S&P500.
Burberry Group PLC is a United Kingdom manufacturer, wholesaler and retailer of luxury goods. The company has a market cap of 5.09 billion GBP. The Firm designs, produces and sells products under the Burberry brand. It has 14.61 P/E ratio. The Company’s product categories include women’s and men’s apparel and accessories and beauty.