Are Analysts Bearish Burberry Group plc (LON:BRBY) After Last Week?

October 13, 2018 - By Marie Mckinney

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Burberry Group plc (LON:BRBY) Ratings Coverage

Among 13 analysts covering Burberry Group (LON:BRBY), 3 have Buy rating, 3 Sell and 7 Hold. Therefore 23% are positive. Burberry Group had 27 analyst reports since April 18, 2018 according to SRatingsIntel. HSBC maintained the shares of BRBY in report on Wednesday, September 5 with “Reduce” rating. As per Wednesday, July 18, the company rating was maintained by Societe Generale. The stock has “Reduce” rating by Kepler Cheuvreux on Wednesday, July 11. The stock of Burberry Group plc (LON:BRBY) has “Hold” rating given on Thursday, July 12 by Deutsche Bank. The stock of Burberry Group plc (LON:BRBY) has “Underperform” rating given on Tuesday, May 22 by RBC Capital Markets. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, September 7 report. As per Wednesday, June 27, the company rating was maintained by HSBC. The stock has “Neutral” rating by JP Morgan on Tuesday, July 3. The firm has “Neutral” rating by UBS given on Thursday, July 12. Jefferies maintained Burberry Group plc (LON:BRBY) rating on Friday, October 5. Jefferies has “Hold” rating and GBX 2060 target. Below is a list of Burberry Group plc (LON:BRBY) latest ratings and price target changes.

05/10/2018 Broker: Jefferies Rating: Hold Old Target: GBX 1650.00 New Target: GBX 2060.00 Maintain
07/09/2018 Broker: RBC Capital Markets Rating: Underperform Old Target: GBX 1750.00 New Target: GBX 1875.00 Maintain
07/09/2018 Broker: Goldman Sachs Rating: Neutral Old Target: GBX 2395.00 New Target: GBX 2536.00 Cuts
05/09/2018 Broker: Citigroup Rating: Neutral Maintain
05/09/2018 Broker: HSBC Rating: Reduce Old Target: GBX 1900.00 New Target: GBX 2100.00 Maintain
23/08/2018 Broker: Credit Suisse Rating: Outperform Old Target: GBX 1850.00 New Target: GBX 2200.00 Maintain
10/08/2018 Broker: Berenberg Rating: Buy Old Target: GBX 2220.00 New Target: GBX 2350.00 Reiteration
10/08/2018 Broker: BNP Paribas Rating: Neutral Old Target: GBX 1800.00 New Target: GBX 1950.00 Reiteration
18/07/2018 Broker: Societe Generale Rating: Buy Old Target: GBX 1920.00 New Target: GBX 2500.00 Maintain
12/07/2018 Broker: Berenberg Rating: Buy Old Target: GBX 2220.00 New Target: GBX 2220.00 Maintain

The stock increased 1.21% or GBX 21 during the last trading session, reaching GBX 1761.5. About 2.04M shares traded. Burberry Group plc (LON:BRBY) has 0.00% since October 13, 2017 and is . It has underperformed by 15.62% 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 7.20 billion GBP. The firm operates in two divisions, Retail/Wholesale and Licensing. It has a 25.75 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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