Deutsche Bank AG Raises Burberry Group plc (BRBY) Price Target to GBX 1,800
Burberry Group plc (LON:BRBY) had its price objective raised by Deutsche Bank AG from GBX 1,775 ($23.34) to GBX 1,800 ($23.67) in a research report released on Thursday morning, MarketBeat reports. The firm currently has a hold rating on the stock.
Several other research firms have also commented on BRBY. Berenberg Bank restated a buy rating and issued a GBX 1,900 ($24.98) price target on shares of Burberry Group plc in a report on Thursday. BNP Paribas restated a neutral rating and issued a GBX 1,650 ($21.69) price target on shares of Burberry Group plc in a report on Tuesday, August 8th. Societe Generale boosted their price target on shares of Burberry Group plc from GBX 1,715 ($22.55) to GBX 1,890 ($24.85) and gave the company a hold rating in a report on Monday, September 4th. Royal Bank Of Canada boosted their price target on shares of Burberry Group plc from GBX 1,550 ($20.38) to GBX 1,600 ($21.04) and gave the company an underperform rating in a report on Tuesday, October 3rd. Finally, Barclays PLC restated an overweight rating and issued a GBX 1,900 ($24.98) price target on shares of Burberry Group plc in a report on Thursday, October 5th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 1,719.55 ($22.61).
Shares of Burberry Group plc (LON BRBY) opened at 1892.00 on Thursday. The firm has a 50-day moving average of GBX 1,785.91 and a 200-day moving average of GBX 1,726.57. The stock’s market cap is GBX 8.23 billion. Burberry Group plc has a one year low of GBX 1,360.00 and a one year high of GBX 1,908.00.
In other Burberry Group plc news, insider Christopher Bailey sold 174,050 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of GBX 1,797 ($23.63), for a total transaction of £3,127,678.50 ($4,112,120.04).
About Burberry Group plc
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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