Several other equities research analysts also recently issued reports on the stock. Deutsche Bank decreased their price objective on shares of Burberry Group from GBX 1,750 ($24.18) to GBX 1,700 ($23.49) and set a hold rating for the company in a research note on Tuesday, December 5th. Credit Suisse Group reiterated an outperform rating and set a GBX 1,900 ($26.25) price objective on shares of Burberry Group in a research note on Tuesday, January 16th. JPMorgan Chase & Co. boosted their price objective on shares of Burberry Group from GBX 1,620 ($22.38) to GBX 1,800 ($24.87) and gave the stock a neutral rating in a research note on Tuesday, October 31st. Berenberg Bank decreased their price objective on shares of Burberry Group from GBX 2,000 ($27.63) to GBX 1,940 ($26.80) and set a buy rating for the company in a research note on Friday, November 24th. Finally, Beaufort Securities boosted their price objective on shares of Burberry Group from GBX 1,920 ($26.53) to GBX 1,980 ($27.36) and gave the stock a buy rating in a research note on Friday, November 10th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. Burberry Group has a consensus rating of Hold and a consensus target price of GBX 1,700.50 ($23.49).
Shares of Burberry Group (LON BRBY) opened at GBX 1,555.50 ($21.49) on Monday. Burberry Group has a 52 week low of GBX 1,481.50 ($20.47) and a 52 week high of GBX 2,024 ($27.96). The stock has a market cap of $6,510.00 and a P/E ratio of 2,222.14.
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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.
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