London: Burberry Group (LON:BRBY) Stock Has Just Had Its Outperform Rating Reiterated by Credit Suisse. Shares now Have a GBX 1950.00 Target

May 17, 2018 - By Robert Crowder

Burberry Group plc (LON:BRBY) Logo

Burberry Group (LON:BRBY) Rating Reaffirmed

London: In a research report issued on Thursday morning, Credit Suisse reaffirmed their Outperform rating on Burberry Group (LON:BRBY) shares. They now have a GBX 1950.00 PT on the firm. Credit Suisse’s target would suggest a potential upside of 0.54 % from the company’s last close price.

Burberry Group plc (LON:BRBY) Ratings Coverage

Among 12 analysts covering Burberry Group PLC (LON:BRBY), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. Burberry Group PLC has GBX 2395 highest and GBX 1550 lowest target. GBX 1794.75’s average target is -6.91% below currents GBX 1928 stock price. Burberry Group PLC had 27 analyst reports since November 24, 2017 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, January 17. The company was maintained on Friday, February 9 by Kepler Cheuvreux. The rating was maintained by Barclays Capital on Thursday, January 4 with “Overweight”. The firm earned “Hold” rating on Thursday, May 10 by Kepler Cheuvreux. As per Tuesday, January 16, the company rating was maintained by Credit Suisse. The company was maintained on Thursday, March 22 by BNP Paribas. The company was maintained on Monday, January 22 by Deutsche Bank. The rating was maintained by HSBC on Thursday, March 8 with “Reduce”. Deutsche Bank maintained the stock with “Hold” rating in Thursday, May 17 report. Societe Generale upgraded the shares of BRBY in report on Friday, March 2 to “Buy” rating.

The stock increased 3.21% or GBX 60 during the last trading session, reaching GBX 1928. About 4.89M shares traded or 110.65% up from the average. Burberry Group plc (LON:BRBY) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Burberry Group plc, together with its subsidiaries, designs, develops, makes, and sells luxury goods under the Burberry brand for men, women, and children. The company has market cap of 7.96 billion GBP. The firm operates in two divisions, Retail/Wholesale and Licensing. It has a 27.39 P/E ratio. It offers product in the categories of apparel; accessories, such as women's handbags and small leather goods; and beauty, as well as eyewear and watches.

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