Burberry Group plc (BRBY) Given New GBX 1,480 Price Target at Goldman Sachs Group Inc.
Burberry Group plc (LON:BRBY) had its target price raised by Goldman Sachs Group Inc. from GBX 1,310 ($17.10) to GBX 1,480 ($19.32) in a research note published on Tuesday morning. The brokerage currently has a neutral rating on the stock.
Several other analysts have also recently weighed in on BRBY. BNP Paribas restated a neutral rating and set a GBX 1,325 ($17.30) price target on shares of Burberry Group plc in a report on Wednesday, June 1st. Societe Generale restated a hold rating and set a GBX 1,200 ($15.66) price target on shares of Burberry Group plc in a report on Friday, June 17th. HSBC restated a hold rating and set a GBX 1,500 ($19.58) price target on shares of Burberry Group plc in a report on Monday, June 27th. JPMorgan Chase & Co. restated a neutral rating and set a GBX 1,380 ($18.01) price target on shares of Burberry Group plc in a report on Friday, July 1st. Finally, Jefferies Group boosted their price target on Burberry Group plc from GBX 1,240 ($16.19) to GBX 1,290 ($16.84) and gave the stock a hold rating in a report on Tuesday, July 5th. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the stock. Burberry Group plc has an average rating of Hold and a consensus price target of GBX 1,370.39 ($17.89).
Shares of Burberry Group plc (LON:BRBY) opened at 1399.07 on Tuesday. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,512.00. The firm’s 50-day moving average is GBX 1,331.03 and its 200-day moving average is GBX 1,244.01. The company’s market cap is GBX 6.18 billion.
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 stock was sold at an average price of GBX 1,352 ($17.65), for a total transaction 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.
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