Royal Bank Of Canada Upgrades Burberry Group plc (BRBY) to “Sector Performer”
Burberry Group plc (LON:BRBY) was upgraded by equities researchers at Royal Bank Of Canada to a “sector performer” rating in a research report issued on Friday. The firm presently has a GBX 1,400 ($18.27) target price on the stock, up from their previous target price of GBX 1,200 ($15.66). Royal Bank Of Canada’s price objective would suggest a potential upside of 3.47% from the company’s current price.
BRBY has been the subject of a number of other reports. Credit Suisse Group AG restated an “underperform” rating and issued a GBX 1,150 ($15.01) price target on shares of Burberry Group plc in a research report on Wednesday, September 21st. JPMorgan Chase & Co. raised their price target on Burberry Group plc from GBX 1,380 ($18.01) to GBX 1,450 ($18.93) and gave the stock a “neutral” rating in a research report on Monday, September 5th. Morgan Stanley raised their price target on Burberry Group plc from GBX 1,280 ($16.71) to GBX 1,424 ($18.59) and gave the stock an “equal weight” rating in a research report on Tuesday, August 30th. Goldman Sachs Group Inc. raised their price target on Burberry Group plc from GBX 1,310 ($17.10) to GBX 1,480 ($19.32) and gave the stock a “neutral” rating in a research report on Tuesday. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 1,346 ($17.57) price target on shares of Burberry Group plc in a research report on Friday, July 22nd. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the company. Burberry Group plc presently has an average rating of “Hold” and a consensus target price of GBX 1,380.17 ($18.02).
Shares of Burberry Group plc (LON:BRBY) opened at 1353.00 on Friday. The stock’s 50 day moving average is GBX 1,334.53 and its 200-day moving average is GBX 1,244.30. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,512.00. The company’s market cap is GBX 5.98 billion.
In related news, insider Bailey,Christopher sold 18,750 shares of Burberry Group plc stock in a transaction dated 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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