Deutsche Bank AG Increases Burberry Group plc (BRBY) Price Target to GBX 1,475
Burberry Group plc (LON:BRBY) had its price objective increased by stock analysts at Deutsche Bank AG from GBX 1,350 ($16.71) to GBX 1,475 ($18.25) in a report issued on Tuesday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s target price points to a potential downside of 0.27% from the stock’s previous close.
Several other brokerages have also recently weighed in on BRBY. Royal Bank Of Canada upgraded shares of Burberry Group plc to a “sector performer” rating and lifted their price objective for the stock from GBX 1,200 ($14.85) to GBX 1,400 ($17.33) in a research note on Friday, September 30th. BNP Paribas reiterated a “neutral” rating and issued a GBX 1,346 ($16.66) price objective on shares of Burberry Group plc in a research note on Thursday, July 28th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 1,450 ($17.95) price objective on shares of Burberry Group plc in a research note on Wednesday, October 5th. Jefferies Group reiterated a “hold” rating and issued a GBX 1,290 ($15.97) price objective on shares of Burberry Group plc in a research note on Thursday, October 6th. Finally, HSBC reiterated a “hold” rating and issued a GBX 1,500 ($18.56) price objective on shares of Burberry Group plc in a research note on Monday, June 27th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 1,341.36 ($16.60).
Shares of Burberry Group plc (LON:BRBY) opened at 1511.00 on Tuesday. The company has a 50-day moving average of GBX 1,348.06 and a 200-day moving average of GBX 1,247.58. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,528.00. The company’s market capitalization is GBX 6.68 billion.
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In related news, insider Bailey,Christopher sold 18,750 shares of the stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($16.73), for a total transaction of £253,500 ($313,737.62).
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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