Burberry Group’s (BRBY) “Buy” Rating Reaffirmed at Berenberg Bank

Burberry Group (LON:BRBY)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a report issued on Friday. They currently have a GBX 1,890 ($26.11) target price on the stock. Berenberg Bank’s target price suggests a potential upside of 21.78% from the stock’s current price.

BRBY has been the subject of several other research reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 1,720 ($23.76) price objective on shares of Burberry Group in a report on Monday, January 8th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 1,900 ($26.25) target price on shares of Burberry Group in a research report on Tuesday, January 16th. Barclays reaffirmed an “overweight” rating and set a GBX 1,900 ($26.25) target price on shares of Burberry Group in a research report on Thursday, January 4th. Morgan Stanley cut their target price on Burberry Group from GBX 1,676 ($23.16) to GBX 1,600 ($22.11) and set an “equal weight” rating on the stock in a research report on Thursday, January 18th. Finally, Beaufort Securities boosted their target price on Burberry Group from GBX 1,920 ($26.53) to GBX 1,980 ($27.36) and gave the stock a “buy” rating in a research report on Friday, November 10th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Burberry Group presently has a consensus rating of “Hold” and an average price target of GBX 1,705.50 ($23.56).

Shares of Burberry Group (BRBY) opened at GBX 1,552 ($21.44) on Friday. The firm has a market capitalization of $6,490.00 and a price-to-earnings ratio of 2,217.14. Burberry Group has a twelve month low of GBX 1,481.50 ($20.47) and a twelve month high of GBX 2,024 ($27.96).

In related news, insider Julie Brown sold 18,420 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of GBX 1,570 ($21.69), for a total transaction of £289,194 ($399,549.60).

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About Burberry Group

Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company’s segments include retail/wholesale and licensing. The Retail/wholesale segment is engaged in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce, as well as Burberry franchisees, prestige department stores globally and multi-brand specialty accounts.

Analyst Recommendations for Burberry Group (LON:BRBY)

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