Burberry Group’s (BRBY) Neutral Rating Reaffirmed at Goldman Sachs Group

Burberry Group (LON:BRBY)‘s stock had its “neutral” rating reiterated by equities research analysts at Goldman Sachs Group in a report released on Monday. They presently have a GBX 2,194 ($28.67) target price on the stock, down from their previous target price of GBX 2,536 ($33.14). Goldman Sachs Group’s price target would indicate a potential upside of 26.78% from the stock’s current price.

A number of other analysts have also issued reports on the company. Citigroup reissued a “neutral” rating on shares of Burberry Group in a research report on Wednesday, September 5th. Deutsche Bank reissued a “hold” rating and issued a GBX 1,800 ($23.52) target price on shares of Burberry Group in a research report on Monday, October 29th. HSBC raised Burberry Group to a “hold” rating and cut their target price for the company from GBX 2,100 ($27.44) to GBX 1,950 ($25.48) in a research report on Friday, October 26th. Berenberg Bank boosted their target price on Burberry Group from GBX 1,890 ($24.70) to GBX 2,270 ($29.66) and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 2,060 ($26.92) target price (up previously from GBX 1,650 ($21.56)) on shares of Burberry Group in a research report on Friday, October 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 1,982.56 ($25.91).

Shares of LON BRBY opened at GBX 1,730.50 ($22.61) on Monday. Burberry Group has a 52-week low of GBX 1,481.50 ($19.36) and a 52-week high of GBX 2,024 ($26.45).

In related news, insider Matthew Key acquired 1,150 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were acquired at an average price of GBX 1,714 ($22.40) per share, with a total value of £19,711 ($25,755.91).

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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