JPMorgan Chase & Co. Raises Burberry Group (BRBY) Price Target to GBX 1,850

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 Company Profile

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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Analyst Recommendations for Burberry Group (LON:BRBY)

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