Burberry Group plc (BRBY) PT Raised to GBX 1,350
Burberry Group plc (LON:BRBY) had its target price upped by equities research analysts at Barclays PLC from GBX 1,320 ($17.23) to GBX 1,350 ($17.62) in a report released on Tuesday. The brokerage presently has an “equal weight” rating on the stock. Barclays PLC’s price target would suggest a potential downside of 7.79% from the stock’s current price.
BRBY has been the topic of several other reports. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a GBX 1,150 ($15.01) price target on shares of Burberry Group plc in a report on Wednesday, September 21st. Goldman Sachs Group Inc. lifted their price target on shares of Burberry Group plc from GBX 1,310 ($17.10) to GBX 1,480 ($19.32) and gave the stock a “neutral” rating in a report on Tuesday, September 27th. JPMorgan Chase & Co. lifted their price target on shares of Burberry Group plc from GBX 1,380 ($18.01) to GBX 1,450 ($18.93) and gave the stock a “neutral” rating in a report on Monday, September 5th. Morgan Stanley lifted their price target on shares of Burberry Group plc from GBX 1,280 ($16.71) to GBX 1,424 ($18.59) and gave the stock an “equal weight” rating in a report on Tuesday, August 30th. Finally, BNP Paribas reissued a “neutral” rating and set a GBX 1,346 ($17.57) price objective on shares of Burberry Group plc in a report on Friday, July 22nd. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating to the stock. Burberry Group plc has a consensus rating of “Hold” and a consensus target price of GBX 1,357.27 ($17.72).
Burberry Group plc (LON:BRBY) traded up 2.7368% during midday trading on Tuesday, reaching GBX 1460.4272. The company’s stock had a trading volume of 5,944,997 shares. The stock’s 50 day moving average price is GBX 1,345.38 and its 200-day moving average price is GBX 1,248.15. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,512.00. The stock’s market cap is GBX 6460.60 billion.
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In other news, insider Bailey,Christopher sold 18,750 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($17.65), for a total value of £253,500 ($330,896.75).
Burberry Group plc Company 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. The Company owns distribution network consisting of: 497 directly operated stores and concessions, offline and burberry.com, a digital platform active in 11 languages, online.
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