Could Burberry Group plc See a Reversal After This Very Strong Session?

 Could Burberry Group plc See a Reversal After This Very Strong Session?

The stock of Burberry Group plc (LON:BRBY) is a huge mover today! The stock decreased 0.24% or GBX 3.53 on November 8, hitting GBX 1466.47. About 3.20M shares traded hands. Burberry Group plc (LON:BRBY) has risen 13.43% since April 8, 2016 and is uptrending. It has outperformed by 11.47% the S&P500.
The move comes after 9 months positive chart setup for the GBX 6.44B company. It was reported on Nov, 8 by Barchart.com. We have GBX 2463.67 PT which if reached, will make LON:BRBY worth GBX 4.38B more.

Burberry Group plc (LON:BRBY) Ratings Coverage

Out of 28 analysts covering Burberry Group PLC (LON:BRBY), 7 rate it a “Buy”, 3 “Sell”, while 18 “Hold”. This means 25% are positive. Burberry Group PLC has been the topic of 223 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, October 5 by JP Morgan. The stock of Burberry Group plc (LON:BRBY) has “Hold” rating given on Friday, January 15 by Deutsche Bank. The company was maintained on Monday, July 11 by Credit Suisse. The rating was maintained by Credit Suisse on Wednesday, September 21 with “Underperform”. Jefferies maintained the shares of BRBY in a report on Friday, October 16 with “Hold” rating. The stock has “Underperform” rating given by Credit Suisse on Friday, October 16. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, September 27. Barclays Capital maintained it with “Equal Weight” rating and GBX 1350 target price in Monday, May 9 report. Morgan Stanley maintained the stock with “Equal Weight” rating in Friday, July 8 report. Nomura upgraded Burberry Group plc (LON:BRBY) on Friday, February 26 to “Buy” rating.

More recent Burberry Group plc (LON:BRBY) news were published by: Bloomberg.com which released: “Burberry Puts Trenchcoat Factory on Ice Amid Brexit Fallout” on July 14, 2016. Also Marketwatch.com published the news titled: “Burberry warns on revenue amid sales pressure” on July 13, 2016. Bloomberg.com‘s news article titled: “Burberry Falls Most in a Year as Asian Woes Erode Brexit Gain” with publication date: October 18, 2016 was also an interesting one.

Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. The company has a market cap of 6.44 billion GBP. The Firm also licenses third parties to manufacture and distribute products using the Burberry trademarks. It has a 21.12 P/E ratio. The Company’s divisions include retail/wholesale and licensing.

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