Brokerages Set Burberry Group plc (BRBY) PT at $1,681.50
Burberry Group plc (LON:BRBY) has earned a consensus rating of “Hold” from the twenty analysts that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 1,681.50 ($21.83).
A number of analysts recently commented on BRBY shares. Deutsche Bank AG lifted their target price on shares of Burberry Group plc from GBX 1,600 ($20.77) to GBX 1,615 ($20.97) and gave the stock a “hold” rating in a research note on Monday, May 22nd. UBS AG lifted their target price on shares of Burberry Group plc from GBX 1,990 ($25.83) to GBX 2,050 ($26.61) and gave the stock a “buy” rating in a research note on Friday, May 19th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 1,600 ($20.77) target price on shares of Burberry Group plc in a research note on Tuesday, May 16th. Liberum Capital reiterated a “sell” rating and issued a GBX 1,350 ($17.53) target price on shares of Burberry Group plc in a research note on Thursday, May 25th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a GBX 1,760 ($22.85) target price on shares of Burberry Group plc in a research note on Wednesday, June 28th.
In other news, insider Christopher Bailey sold 174,050 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of GBX 1,797 ($23.33), for a total transaction of £3,127,678.50 ($4,060,338.18).
Shares of Burberry Group plc (LON:BRBY) traded down 0.68% on Tuesday, hitting GBX 1746.00. 789,933 shares of the stock traded hands. The stock’s market cap is GBX 7.59 billion. The stock’s 50 day moving average price is GBX 1,695.30 and its 200 day moving average price is GBX 1,704.02. Burberry Group plc has a 52-week low of GBX 1,228.00 and a 52-week high of GBX 1,879.00.
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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