Deutsche Bank AG Raises Burberry Group plc (BRBY) Price Target to GBX 1,475
Burberry Group plc (LON:BRBY) had its price target raised by Deutsche Bank AG from GBX 1,350 ($16.71) to GBX 1,475 ($18.25) in a report issued on Tuesday morning. The firm currently has a hold rating on the stock.
Several other equities research analysts also recently weighed in on BRBY. Liberum Capital raised their price objective 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. BNP Paribas reissued a neutral rating and set a GBX 1,325 ($16.40) price objective on shares of Burberry Group plc in a report on Wednesday, June 15th. JPMorgan Chase & Co. reissued a neutral rating on shares of Burberry Group plc in a report on Tuesday, July 12th. Haitong Bank reissued a neutral rating and set a GBX 1,265 ($15.66) price objective on shares of Burberry Group plc in a report on Thursday, July 14th. Finally, Societe Generale reissued a hold rating and set a GBX 1,200 ($14.85) price objective on shares of Burberry Group plc in a report on Friday, June 17th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 1,387.61 ($17.17).
Shares of Burberry Group plc (LON:BRBY) opened at 1500.00 on Tuesday. The firm has a 50 day moving average price of GBX 1,360.78 and a 200 day moving average price of GBX 1,252.56. The company’s market capitalization is GBX 6.63 billion. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,530.00.
In other news, insider Bailey,Christopher sold 18,750 shares of the company’s 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).
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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