Burberry Group plc 4.1% Potential Upside Indicated by Credit Suisse

Broker Ratings

Burberry Group plc using EPIC/TICKER code (LON:BRBY) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at Credit Suisse. Burberry Group plc are listed in the Consumer Goods sector within UK Main Market. Credit Suisse have set a target price of 2350 GBX on its stock. This indicates the analyst now believes there is a potential upside of 4.1% from today’s opening price of 2257 GBX. Over the last 30 and 90 trading days the company share price has increased 504 points and increased 282 points respectively. The 1 year high stock price is 2362 GBX while the year low share price is currently 1618.5 GBX.

Burberry Group plc has a 50 day moving average of 1,852.72 GBX and a 200 day moving average of 1,858.27. There are currently 411,459,542 shares in issue with the average daily volume traded being 2,031,647. Market capitalisation for LON:BRBY is £9,677,528,427 GBP.

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    Burberry Group PLC (LON:BRBY) reports a challenging Q1 FY25 with a 22% drop in retail revenue. The company plans strategic actions to regain growth.
    Burberry Group PLC (LON:BRBY) has released its FY24 preliminary results, showing challenges in luxury demand but progress in brand refocus and distribution. CEO Akeroyd remains confident in the company's strategy.

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