London: Burberry Group (LON:BRBY) Stock Has Just Had Its Buy Rating Reiterated by HSBC. Shares now Have a GBX 1500 Target

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Burberry Group (LON:BRBY) Rating Reaffirmed

Burberry Group (LON:BRBY) just had their share rating of a ‘Buy’ issued by research analysts at HSBC, who now has a GBX 1500 TP on the 5.07 billion GBP market cap company or a 28.21% upside potential. This key information was disclosed to clients in an interesting research report on Wednesday, 16 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 1479.58 with a 26.44% above today’s (GBX 1176) stock price. Burberry Group PLC was the topic of 80 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on December 15 with “Neutral” rating. Credit Suisse maintained shares with “Underperform” rating and GBX 1250 target share price in a report from a November 24. Societe Generale maintained BRBY stock in a recent report from December 11 with “Hold” rating. Barclays Capital maintained the rating on November 23. Barclays Capital has a “Equalweight” rating and a GBX 1425 price target on shares. Finally, Bernstein maintained the stock with “Market Perform” rating in a report issued on a December 8.

Approximately 953,431 shares of stock traded hands. Burberry Group plc (LON:BRBY) has declined 36.01% since May 19, 2015 and is downtrending. It has underperformed by 33.38% the S&P500.

London: Burberry Group (LON:BRBY) Stock Has Just Had Its Buy Rating Reiterated by HSBC. Shares now Have a GBX 1500 Target

Burberry Group PLC is a United Kingdom manufacturer, wholesaler and retailer of luxury goods. The company has a market cap of 5.07 billion GBP. The Firm designs, produces and sells products under the Burberry brand. It has 15 P/E ratio. The Company’s product categories include women’s and men’s apparel and accessories and beauty.

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