Burberry Group plc (BRBY) Given New GBX 1,460 Price Target at BNP Paribas
Burberry Group plc (LON:BRBY) had its price objective increased by BNP Paribas from GBX 1,350 ($17.62) to GBX 1,460 ($19.06) in a research note issued to investors on Tuesday morning. They currently have a neutral rating on the stock.
BRBY has been the subject of several other research reports. Liberum Capital raised their target price on shares of Burberry Group plc from GBX 925 ($12.07) to GBX 975 ($12.73) and gave the stock a sell rating in a report on Tuesday, July 5th. Goldman Sachs Group Inc. reduced their target price on shares of Burberry Group plc from GBX 1,470 ($19.19) to GBX 1,267 ($16.54) and set a neutral rating for the company in a report on Wednesday, June 29th. 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 stock a hold rating in a report on Monday, July 11th. JPMorgan Chase & Co. reissued a neutral rating on shares of Burberry Group plc in a report on Tuesday, July 12th. Finally, HSBC restated a hold rating and set a GBX 1,500 ($19.58) price target on shares of Burberry Group plc in a research report on Monday, June 27th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 1,370.39 ($17.89).
Shares of Burberry Group plc (LON:BRBY) opened at 1398.00 on Tuesday. Burberry Group plc has a 52 week low of GBX 1,039.00 and a 52 week high of GBX 1,512.00. The stock’s market capitalization is GBX 6.18 billion. The firm’s 50-day moving average is GBX 1,331.03 and its 200-day moving average is GBX 1,244.01.
In related news, insider Bailey,Christopher sold 18,750 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($17.65), for a total value of £253,500 ($330,896.75).
Burberry Group plc Company Profile
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.