Burberry Group plc (BRBY) Upgraded by Royal Bank Of Canada to “Sector Performer”
Royal Bank Of Canada upgraded shares of Burberry Group plc (LON:BRBY) to a sector performer rating in a research report released on Friday morning. They currently have GBX 1,400 ($18.27) price objective on the stock, up from their prior price objective of GBX 1,200 ($15.66).
Several other research analysts also recently commented on BRBY. BNP Paribas reissued a neutral rating and set a GBX 1,325 ($17.30) price objective on shares of Burberry Group plc in a report on Wednesday, June 15th. Societe Generale reaffirmed a hold rating and issued a GBX 1,200 ($15.66) price target on shares of Burberry Group plc in a report on Friday, June 17th. HSBC reaffirmed a hold rating and issued a GBX 1,500 ($19.58) price target on shares of Burberry Group plc in a report on Monday, June 27th. Goldman Sachs Group Inc. lowered their price target on shares of Burberry Group plc from GBX 1,470 ($19.19) to GBX 1,267 ($16.54) and set a neutral rating for the company in a report on Wednesday, June 29th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 1,380 ($18.01) price target on shares of Burberry Group plc in a report on Friday, July 1st. Three research 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. The stock currently has an average rating of Hold and a consensus target price of GBX 1,380.17 ($18.02).
Shares of Burberry Group plc (LON:BRBY) opened at 1390.00 on Friday. The firm’s 50-day moving average price is GBX 1,335.57 and its 200 day moving average price is GBX 1,245.76. Burberry Group plc has a 52-week low of GBX 1,039.00 and a 52-week high of GBX 1,512.00. The company’s market capitalization is GBX 6.14 billion.
In other news, insider Bailey,Christopher sold 18,750 shares of Burberry Group plc stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($17.65), for a total transaction 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.
Receive News & Ratings for Burberry Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group plc and related companies with MarketBeat.com's FREE daily email newsletter.