Burberry Group (LON:BRBY) Price Target Cut to GBX 1,900 by Analysts at Citigroup
Burberry Group (LON:BRBY) had its price objective cut by Citigroup from GBX 2,240 ($29.47) to GBX 1,900 ($24.99) in a research report sent to investors on Friday, Stock Target Advisor reports. They currently have a neutral rating on the stock.
Several other equities analysts have also recently commented on the company. Sanford C. Bernstein reduced their target price on Burberry Group from GBX 1,850 ($24.34) to GBX 1,800 ($23.68) and set an underperform rating for the company in a research report on Tuesday. Societe Generale dropped their price target on Burberry Group from GBX 2,600 ($34.20) to GBX 2,350 ($30.91) and set a buy rating for the company in a research note on Monday, February 24th. Credit Suisse Group dropped their price target on Burberry Group from GBX 2,650 ($34.86) to GBX 2,600 ($34.20) and set an outperform rating for the company in a research note on Monday, February 10th. Jefferies Financial Group dropped their price target on Burberry Group from GBX 1,900 ($24.99) to GBX 1,750 ($23.02) and set an underperform rating for the company in a research note on Friday, February 21st. Finally, Morgan Stanley lifted their price target on Burberry Group from GBX 2,000 ($26.31) to GBX 2,200 ($28.94) and gave the stock an equal weight rating in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Burberry Group currently has a consensus rating of Hold and a consensus price target of GBX 2,001 ($26.32).
Burberry Group stock traded down GBX 26.50 ($0.35) during midday trading on Friday, hitting GBX 1,649 ($21.69). 3,231,284 shares of the company’s stock were exchanged, compared to its average volume of 2,130,000. Burberry Group has a 52-week low of GBX 1,678 ($22.07) and a 52-week high of GBX 2,362 ($31.07). The stock has a 50-day moving average price of GBX 2,041.17 and a two-hundred day moving average price of GBX 2,090.81. The company has a debt-to-equity ratio of 88.99, a quick ratio of 1.06 and a current ratio of 1.69. The company has a market cap of $6.67 billion and a P/E ratio of 19.04.
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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