Goldman Bullish On Burberry

Burberry Group stock had its “conviction-buy” rating restated by analysts at Goldman Sachs in a research report issued to clients and investors  last week. They currently have a GBX 2,475 ($36.98) price objective on the stock. Goldman Sachs’ target price would indicate a potential upside of 38.50% from the company’s current price.

Burberry Group plc has a 1-year low of GBX 1348.00 and a 1-year high of GBX 1929.00. The stock’s 50-day moving average is GBX 1855. and its 200-day moving average is GBX 1651.. The company’s market cap is £7.87 billion.

Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated a “neutral” rating and set a GBX 2,000 ($29.88) price target on shares of Burberry Group plc in a research note last Tuesday. Analysts at Sanford C. Bernstein reiterated a “market perform” rating and set a GBX 1,870 ($27.94) price target on shares of Burberry Group plc in a research note on Monday.

Analysts at Deutsche Bank reiterated a “hold” rating on shares of Burberry Group plc in a research note last January . Finally, analysts at Charles Stanley reiterated an “accumulate” rating on shares of Burberry Group plc in a research note also last January. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. There is also an speculation that the company could be takeover target for a US private equity firm.