Burberry Group plc (BRBY) Price Target Raised to GBX 1,400
Burberry Group plc (LON:BRBY) had its price target increased by investment analysts at Haitong Bank from GBX 1,265 ($15.66) to GBX 1,400 ($17.33) in a report issued on Friday. The brokerage presently has a “neutral” rating on the stock. Haitong Bank’s price target suggests a potential downside of 6.67% from the stock’s previous close.
Several other equities analysts also recently weighed in on BRBY. Liberum Capital raised their price target on Burberry Group plc from GBX 925 ($11.45) to GBX 975 ($12.07) and gave the company a “sell” rating in a report on Tuesday, July 5th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Burberry Group plc in a report on Tuesday, July 12th. Societe Generale restated a “hold” rating and set a GBX 1,200 ($14.85) price target on shares of Burberry Group plc in a report on Friday, June 17th. Jefferies Group raised their price target on Burberry Group plc from GBX 1,240 ($15.35) to GBX 1,290 ($15.97) and gave the company a “hold” rating in a report on Tuesday, July 5th. Finally, BNP Paribas restated a “neutral” rating and set a GBX 1,350 ($16.71) price target on shares of Burberry Group plc in a report on Wednesday, August 10th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Burberry Group plc has an average rating of “Hold” and an average target price of GBX 1,393.48 ($17.25).
Shares of Burberry Group plc (LON:BRBY) opened at 1540.00 on Friday. The firm’s 50-day moving average is GBX 1,360.78 and its 200 day moving average is GBX 1,252.56. The stock’s market capitalization is GBX 6.81 billion. Burberry Group plc has a 12-month low of GBX 1,039.00 and a 12-month high of GBX 1,542.00.
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In other Burberry Group plc news, insider Bailey,Christopher sold 18,750 shares of Burberry Group plc stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of GBX 1,352 ($16.73), for a total value 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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