Burberry Group (LON:BRBY) had its price target raised by equities research analysts at Credit Suisse Group from GBX 2,650 ($34.63) to GBX 2,700 ($35.28) in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group’s price target indicates a potential upside of 25.46% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on the stock. UBS Group restated a “neutral” rating on shares of Burberry Group in a report on Friday, November 8th. HSBC restated a “hold” rating on shares of Burberry Group in a report on Monday, September 9th. Morgan Stanley restated an “equal weight” rating on shares of Burberry Group in a report on Monday, November 11th. Bank of America restated an “underperform” rating and set a GBX 1,850 ($24.17) price target on shares of Burberry Group in a report on Tuesday, October 8th. Finally, BNP Paribas upped their price objective on shares of Burberry Group from GBX 1,700 ($22.21) to GBX 2,050 ($26.79) and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 2,011.43 ($26.28).
BRBY stock traded up GBX 23 ($0.30) during mid-day trading on Friday, reaching GBX 2,152 ($28.12). 2,974,217 shares of the stock traded hands, compared to its average volume of 2,130,000. The company has a quick ratio of 1.10, a current ratio of 1.69 and a debt-to-equity ratio of 88.99. Burberry Group has a 52 week low of GBX 1,618.50 ($21.15) and a 52 week high of GBX 2,362 ($30.86). The business has a 50-day moving average of GBX 2,033.34 and a two-hundred day moving average of GBX 2,015.94. The firm has a market capitalization of $8.81 billion and a PE ratio of 24.85.
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.
Read More: Real Estate Investment Trust (REIT) ETF
Receive News & Ratings for Burberry Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group and related companies with MarketBeat.com's FREE daily email newsletter.