Burberry Group (LON:BRBY) had its price objective boosted by JPMorgan Chase & Co. from GBX 1,710 ($22.34) to GBX 1,850 ($24.17) in a report issued on Thursday morning. JPMorgan Chase & Co. currently has a neutral rating on the stock.
Several other research analysts also recently commented on the company. HSBC lifted their price objective on Burberry Group from GBX 1,550 ($20.25) to GBX 1,900 ($24.83) and gave the stock a reduce rating in a report on Wednesday, June 27th. Kepler Capital Markets downgraded Burberry Group to a reduce rating and lifted their price objective for the stock from GBX 1,640 ($21.43) to GBX 1,870 ($24.43) in a report on Wednesday, July 11th. Deutsche Bank lifted their price objective on Burberry Group from GBX 1,725 ($22.54) to GBX 1,800 ($23.52) and gave the stock a hold rating in a report on Thursday, July 12th. UBS Group reiterated a neutral rating on shares of Burberry Group in a report on Thursday, July 12th. Finally, Berenberg Bank reiterated a buy rating and issued a GBX 2,220 ($29.01) price objective on shares of Burberry Group in a report on Thursday, July 12th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 2,015.81 ($26.34).
LON BRBY opened at GBX 1,720.50 ($22.48) on Thursday. Burberry Group has a twelve month low of GBX 1,481.50 ($19.36) and a twelve month high of GBX 2,024 ($26.45).
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.
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