BNP Paribas Raises Burberry Group (LON:BRBY) Price Target to GBX 2,050

Burberry Group (LON:BRBY) had its price target boosted by BNP Paribas from GBX 1,700 ($22.21) to GBX 2,050 ($26.79) in a research report released on Tuesday, ThisIsMoney.Co.Uk reports. BNP Paribas currently has a neutral rating on the stock.

Other analysts have also issued research reports about the company. HSBC reissued a hold rating on shares of Burberry Group in a report on Monday, September 9th. Deutsche Bank lifted their target price on Burberry Group from GBX 1,800 ($23.52) to GBX 1,970 ($25.74) and gave the stock a hold rating in a report on Friday, July 12th. JPMorgan Chase & Co. lifted their target price on Burberry Group from GBX 1,850 ($24.17) to GBX 2,000 ($26.13) and gave the stock a neutral rating in a report on Wednesday, July 17th. Main First Bank raised Burberry Group to an outperform rating and lifted their target price for the stock from GBX 1,800 ($23.52) to GBX 2,150 ($28.09) in a report on Thursday, July 4th. Finally, Goldman Sachs Group raised Burberry Group to a neutral rating and reduced their target price for the stock from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a report on Friday, June 28th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 1,986.43 ($25.96).

BRBY stock opened at GBX 2,151 ($28.11) on Tuesday. The firm has a market cap of $8.85 billion and a PE ratio of 26.33. The business has a 50 day moving average of GBX 2,178.02 and a 200 day moving average of GBX 1,980.08. Burberry Group has a twelve month low of GBX 1,618.50 ($21.15) and a twelve month high of GBX 2,362 ($30.86). The company has a quick ratio of 1.70, a current ratio of 2.51 and a debt-to-equity ratio of 2.55.

In other Burberry Group news, insider Julie Brown bought 1,524 shares of Burberry Group stock in a transaction on Monday, August 5th. The stock was acquired at an average price of GBX 2,172 ($28.38) per share, with a total value of £33,101.28 ($43,252.69).

About Burberry Group

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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