Burberry Group plc (BRBY) Price Target Increased to GBX 1,250 by Analysts at Bryan, Garnier & Co
Burberry Group plc (LON:BRBY) had its price objective upped by equities researchers at Bryan, Garnier & Co from GBX 1,200 ($14.63) to GBX 1,250 ($15.23) in a research note issued to investors on Wednesday. The brokerage currently has a “neutral” rating on the stock. Bryan, Garnier & Co’s price target would suggest a potential downside of 10.91% from the company’s current price.
BRBY has been the subject of a number of other reports. Berenberg Bank began coverage on Burberry Group plc in a research note on Thursday, October 13th. They set a “buy” rating and a GBX 1,725 ($21.02) price target for the company. Liberum Capital increased their price target on Burberry Group plc from GBX 925 ($11.27) to GBX 975 ($11.88) and gave the company a “sell” rating in a research note on Tuesday, July 5th. BNP Paribas reaffirmed a “neutral” rating and set a GBX 1,346 ($16.40) price target on shares of Burberry Group plc in a research note on Thursday, June 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,450 ($17.67) price target on shares of Burberry Group plc in a research note on Wednesday. Finally, Goldman Sachs Group Inc. decreased their price target on Burberry Group plc from GBX 1,470 ($17.92) to GBX 1,267 ($15.44) and set a “neutral” rating for the company in a research note on Wednesday, June 29th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have issued a buy rating to the company. Burberry Group plc presently has an average rating of “Hold” and an average price target of GBX 1,386.96 ($16.90).
Shares of Burberry Group plc (LON:BRBY) opened at 1435.00 on Wednesday. The stock’s market cap is GBX 6.34 billion. Burberry Group plc has a 12 month low of GBX 1,039.00 and a 12 month high of GBX 1,545.00. The stock has a 50 day moving average price of GBX 1,372.65 and a 200-day moving average price of GBX 1,254.83.
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In other news, insider Bailey,Christopher sold 18,750 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of GBX 1,352 ($16.48), for a total value 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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