Burberry Group PLC (LON:BRBY) Investors: JP Morgan Cazenove Reiterates “Neutral” Rating, Sees GBX 1560.00/Share

Burberry Group PLC (LON:BRBY) Rating Reconfirmed

Stock research analysts at JP Morgan Cazenove have GBX 1560.00 target price on Burberry Group PLC (LON:BRBY). JP Morgan Cazenove’s target price would indicate a potential upside of 14.13% from the company’s last stock close. The rating was revealed to investors in an analyst note on Thursday morning.

LON:BRBY is right now trading 3.87% higher at GBX 1366.90 as of 07:08 London time. Burberry Group PLC’s stock is down -15.53% in the past 200 days. It has underperformed the S&P 500, which has dropped -4.11% in the same time.

According to data compiled by Thomson Reuters, Burberry Group PLC (LON:BRBY)’s stock is covered by 24 equity analysts across the Street, with 2 analysts giving it a Sell rating, 10 a Buy rating, while 15 consider it a Hold. The 12-month consensus target price for the stock is GBX 1798.13, which reflects an upside potential of 31.55% over the current price.

BRBY Stock Chart

Burberry Group PLC (LON:BRBY) Profile

Burberry Group PLC is a United Kingdom-based manufacturer, wholesaler and retailer of luxury goods. The Company designs, produces and sells products under the Burberry brand. The Company’s product categories include women’s and men’s apparel and accessories and beauty.

Burberry Group PLC (LON:BRBY) traded up 3.87% on 1 October, hitting GBX 1366.9. A total of 1.54M shares of the company’s stock traded hands. This is down from average of 2.07 million shares. Burberry Group PLC has a 52 week low of GBX 1312.00 and a 52 week high of GBX 1929.00. The company has a market cap of 6.16B GBP and a P/E ratio of 18.21.

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