Burberry Group (LON:BRBY)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Tuesday, AnalystRatingsNetwork.com reports. They currently have a GBX 1,550 ($23.84) price target on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 2.45% from the company’s current price.
A number of other firms have also recently commented on BRBY. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Burberry Group in a research note to investors on Friday. They now have a GBX 1,700 ($26.15) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Burberry Group in a research note to investors on Monday, July 15th. They now have a GBX 1,590 ($24.46) price target on the stock.
Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 1,464.81 ($22.53).
Burberry Group (LON: BRBY) opened at 1534.65 on Tuesday. Burberry Group has a 52-week low of GBX 997.9999 and a 52-week high of GBX 1558.00. The stock’s 50-day moving average is currently GBX 1069.. The company’s market cap is £6.679 billion.
Burberry Group plc is a holding company. It designs, sources, and markets luxury men’s, women’s and children’s clothing and non-apparel accessories globally through a diversified network of retail (LON: BRBY), wholesale and franchise channels.