Reaffirmed: Burberry Group (LON:BRBY) “Neutral” Rating Restated by research analysts Nomura; GBX 1500 Target in Place

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Burberry Group (LON:BRBY) Rating Reaffirmed

Burberry Group (LON:BRBY) just had their share rating of a ‘”Neutral”‘ issued by research analysts at Nomura, who now has a GBX 1500 target PPS on the 5.05B GBP market cap company or a 31.58% upside potential. This key information was disclosed in a recent report on Tuesday, 15 December.

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 28.74% above today’s (GBX 1155) stock price. Burberry Group PLC was the topic of 79 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. BNP Paribas maintained shares on December 14 with “Neutral” rating. Credit Suisse maintained shares with “Underperform” rating and GBX 1250 target share price in a report from a November 24. Liberum Capital maintained BRBY stock in a recent report from December 10 with “Sell” rating. Nomura downgraded the rating on November 24. Nomura has a “Neutral” rating and a GBX 1500 price target on shares. Finally, Citigroup maintained the stock with “Neutral” rating in a report issued on a November 27.

Approximately 272,918 shares of stock traded hands. Burberry Group plc (LON:BRBY) has declined 36.99% since May 18, 2015 and is downtrending. It has underperformed by 33.32% the S&P500.

Reaffirmed: Burberry Group (LON:BRBY)

Burberry Group PLC is a United Kingdom manufacturer, wholesaler and retailer of luxury goods. The company has a market cap of 5.05 billion GBP. The Firm designs, produces and sells products under the Burberry brand. It has 14.73 P/E ratio. The Company’s product categories include women’s and men’s apparel and accessories and beauty.

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