Burberry Group plc (BRBY) Rating Reiterated by JPMorgan Chase & Co.
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a report released on Wednesday. They presently have a GBX 1,450 ($18.93) price target on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 1.75% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a GBX 1,280 ($16.71) target price on shares of Burberry Group plc in a report on Friday, July 8th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 1,220 ($15.92) target price on shares of Burberry Group plc in a report on Thursday, July 14th. Deutsche Bank AG raised their target price on shares of Burberry Group plc from GBX 1,250 ($16.32) to GBX 1,350 ($17.62) and gave the company a “hold” rating in a report on Monday, July 11th. Societe Generale reaffirmed a “hold” rating and issued a GBX 1,200 ($15.66) target price on shares of Burberry Group plc in a report on Friday, June 17th. Finally, HSBC reaffirmed a “hold” rating and issued a GBX 1,500 ($19.58) target price on shares of Burberry Group plc in a report on Monday, June 27th. Three 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 a consensus price target of GBX 1,381.48 ($18.03).
Burberry Group plc (LON:BRBY) opened at 1466.12 on Wednesday. The stock’s market cap is GBX 6.48 billion. Burberry Group plc has a 52-week low of GBX 1,039.00 and a 52-week high of GBX 1,512.00. The firm’s 50-day moving average is GBX 1,343.14 and its 200-day moving average is GBX 1,246.13.
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 ($17.65), for a total transaction of £253,500 ($330,896.75).
About Burberry Group plc
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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