Burberry Group (LON:BRBY) Given New GBX 1,500 Price Target at JPMorgan Chase & Co.
Burberry Group (LON:BRBY) had its price target lowered by JPMorgan Chase & Co. from GBX 1,950 ($25.65) to GBX 1,500 ($19.73) in a research note released on Friday, Stock Target Advisor reports. The brokerage currently has a neutral rating on the stock.
BRBY has been the subject of a number of other reports. BNP Paribas reissued a neutral rating on shares of Burberry Group in a research note on Monday, January 27th. Goldman Sachs Group increased their price target on shares of Burberry Group from GBX 2,177 ($28.64) to GBX 2,200 ($28.94) and gave the stock a neutral rating in a research note on Wednesday, November 27th. Morgan Stanley increased their price target on shares of 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. Bryan, Garnier & Co increased their price target on shares of Burberry Group from GBX 1,780 ($23.41) to GBX 1,860 ($24.47) and gave the stock a neutral rating in a research note on Friday, January 10th. Finally, Bank of America raised shares of Burberry Group to a buy rating and decreased their price target for the stock from GBX 1,850 ($24.34) to GBX 1,800 ($23.68) in a research note on Monday, March 2nd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Burberry Group has a consensus rating of Hold and an average target price of GBX 1,915 ($25.19).
BRBY stock traded up GBX 20.50 ($0.27) during trading on Friday, reaching GBX 1,159 ($15.25). The company had a trading volume of 4,127,108 shares, compared to its average volume of 2,130,000. Burberry Group has a 52 week low of GBX 1,454 ($19.13) and a 52 week high of GBX 2,362 ($31.07). The company has a market cap of $4.46 billion and a P/E ratio of 13.38. The business has a 50 day moving average of GBX 1,735.72 and a 200 day moving average of GBX 2,018.87. The company has a debt-to-equity ratio of 88.99, a current ratio of 1.69 and a quick ratio of 1.06.
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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