Burberry Group (LON:BRBY) Price Target Increased to GBX 1,900 by Analysts at Jefferies Financial Group
Burberry Group (LON:BRBY) had its target price hoisted by Jefferies Financial Group from GBX 1,800 ($23.52) to GBX 1,900 ($24.83) in a report issued on Monday morning, Stock Target Advisor reports. Jefferies Financial Group currently has an underperform rating on the stock.
BRBY has been the subject of a number of other reports. Bank of America reaffirmed an underperform rating and issued a GBX 1,850 ($24.17) price target on shares of Burberry Group in a report on Tuesday, October 8th. Deutsche Bank raised their price target on Burberry Group from GBX 1,970 ($25.74) to GBX 2,010 ($26.26) and gave the stock a hold rating in a report on Friday. Morgan Stanley reaffirmed an equal weight rating on shares of Burberry Group in a report on Monday, November 11th. BNP Paribas raised their price target on Burberry Group from GBX 1,700 ($22.21) to GBX 2,050 ($26.79) and gave the stock a neutral rating in a report on Tuesday, September 17th. Finally, Credit Suisse Group raised their price target on Burberry Group from GBX 2,650 ($34.63) to GBX 2,700 ($35.28) and gave the stock an outperform rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 2,002.50 ($26.17).
Shares of Burberry Group stock traded down GBX 5 ($0.07) during trading hours on Monday, reaching GBX 2,078 ($27.15). The company had a trading volume of 1,330,843 shares, compared to its average volume of 2,130,000. Burberry Group has a one year low of GBX 1,618.50 ($21.15) and a one year high of GBX 2,362 ($30.86). The business has a fifty day simple moving average of GBX 2,031.44 and a 200 day simple moving average of GBX 2,017.82. The company has a debt-to-equity ratio of 88.99, a current ratio of 1.69 and a quick ratio of 1.10. The firm has a market cap of $8.81 billion and a PE ratio of 24.00.
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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