Burberry Group plc (BRBY) Price Target Raised to GBX 1,400
Burberry Group plc (LON:BRBY) had its price objective raised by Haitong Bank from GBX 1,265 ($15.42) to GBX 1,400 ($17.06) in a research note issued to investors on Friday. They currently have a neutral rating on the stock.
A number of other brokerages also recently issued reports on BRBY. Royal Bank Of Canada raised Burberry Group plc to a sector performer rating and raised their price objective for the stock from GBX 1,200 ($14.63) to GBX 1,400 ($17.06) in a research report on Friday, September 30th. Barclays PLC raised their price objective on Burberry Group plc from GBX 1,220 ($14.87) to GBX 1,320 ($16.09) and gave the stock an equal weight rating in a research report on Monday, September 5th. Beaufort Securities reissued a hold rating on shares of Burberry Group plc in a research report on Tuesday, August 2nd. 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 report on Wednesday, October 5th. Finally, BNP Paribas restated a neutral rating and set a GBX 1,325 ($16.15) target price on shares of Burberry Group plc in a report on Wednesday, June 22nd. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 1,386.96 ($16.90).
Burberry Group plc (LON:BRBY) opened at 1435.00 on Friday. 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 firm has a 50-day moving average of GBX 1,372.65 and a 200-day moving average of GBX 1,254.83.
In related news, insider Bailey,Christopher sold 18,750 shares of the company’s 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.
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.