Barclays PLC Increases Burberry Group plc (BRBY) Price Target to GBX 1,450
Burberry Group plc (LON:BRBY) had its price target increased by investment analysts at Barclays PLC from GBX 1,350 ($16.45) to GBX 1,450 ($17.67) in a research report issued to clients and investors on Wednesday. The firm currently has an “equal weight” rating on the stock. Barclays PLC’s price objective points to a potential upside of 3.35% from the company’s current price.
Several other equities analysts have also recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Burberry Group plc to a “sector performer” rating and increased their price objective for the stock from GBX 1,200 ($14.63) to GBX 1,400 ($17.06) in a research note on Friday, September 30th. Deutsche Bank AG increased their price objective on shares of Burberry Group plc from GBX 1,350 ($16.45) to GBX 1,475 ($17.98) and gave the stock a “hold” rating in a research note on Tuesday, October 11th. BNP Paribas reiterated a “neutral” rating and issued a GBX 1,346 ($16.40) price objective on shares of Burberry Group plc in a research note on Thursday, July 28th. Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 1,150 ($14.02) price objective on shares of Burberry Group plc in a research note on Tuesday. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 1,450 ($17.67) target price on shares of Burberry Group plc in a research note on Wednesday, October 5th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,386.96 ($16.90).
Shares of Burberry Group plc (LON:BRBY) opened at 1435.00 on Wednesday. The company’s market capitalization is GBX 6.34 billion. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,545.00. The stock has a 50 day moving average of GBX 1,372.65 and a 200-day moving average of GBX 1,254.83.
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In other news, insider Bailey,Christopher sold 18,750 shares of Burberry Group plc stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of GBX 1,352 ($16.48), for a total transaction of £253,500 ($308,957.95).
Burberry Group plc Company Profile
Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company’s segments include retail/wholesale and licensing. The Retail/wholesale segment is engaged in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce, as well as Burberry franchisees, prestige department stores globally and multi-brand specialty accounts.
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