JPMorgan Chase & Co. Boosts Burberry Group (LON:BRBY) Price Target to GBX 1,550
Burberry Group (LON:BRBY) had its target price hoisted by JPMorgan Chase & Co. from GBX 1,450 ($17.84) to GBX 1,550 ($19.07) in a research note issued to investors on Friday, Stock Target Advisor reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.
Other equities research analysts also recently issued reports about the stock. HSBC upgraded shares of Burberry Group to a buy rating and lowered their price target for the stock from GBX 2,400 ($29.53) to GBX 1,900 ($23.38) in a report on Thursday, May 7th. Morgan Stanley lifted their price target on shares of Burberry Group from GBX 1,550 ($19.07) to GBX 1,600 ($19.69) and gave the stock an equal weight rating in a report on Tuesday, June 2nd. Credit Suisse Group lowered their price target on shares of Burberry Group from GBX 2,600 ($32.00) to GBX 1,700 ($20.92) and set an outperform rating for the company in a report on Friday, March 27th. Citigroup lowered their price target on shares of Burberry Group from GBX 2,240 ($27.57) to GBX 1,900 ($23.38) and set a neutral rating for the company in a report on Friday, February 28th. Finally, Sanford C. Bernstein lowered their price target on shares of Burberry Group from GBX 1,510 ($18.58) to GBX 1,410 ($17.35) and set a market perform rating for the company in a report on Monday, June 15th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 1,679.44 ($20.67).
LON:BRBY opened at GBX 1,583 ($19.48) on Friday. The company has a current ratio of 2.31, a quick ratio of 1.64 and a debt-to-equity ratio of 120.37. The firm has a 50-day moving average price of GBX 1,512.76 and a two-hundred day moving average price of GBX 1,705.09. Burberry Group has a twelve month low of GBX 1,017 ($12.52) and a twelve month high of GBX 2,362 ($29.07). The company has a market capitalization of $6.35 billion and a P/E ratio of 51.49.
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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