Burberry Group plc (LON:BRBY) Receives GBX 1,364.50 Consensus Price Target from Brokerages
Burberry Group plc (LON:BRBY) has earned an average recommendation of “Hold” from the twenty-six analysts that are covering the firm. Three research analysts have rated the stock with a sell recommendation, nineteen have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 1,374.73 ($17.94).
BRBY has been the topic of a number of recent research reports. Credit Suisse Group AG reaffirmed an “underperform” rating and set a GBX 1,150 ($15.01) price objective on shares of Burberry Group plc in a research note on Wednesday, September 21st. Goldman Sachs Group Inc. raised their price objective on Burberry Group plc from GBX 1,310 ($17.10) to GBX 1,480 ($19.32) and gave the company a “neutral” rating in a research note on Tuesday, September 27th. JPMorgan Chase & Co. raised their price objective on Burberry Group plc from GBX 1,380 ($18.01) to GBX 1,450 ($18.93) and gave the company a “neutral” rating in a research note on Monday, September 5th. Morgan Stanley raised their price objective on Burberry Group plc from GBX 1,280 ($16.71) to GBX 1,424 ($18.59) and gave the company an “equal weight” rating in a research note on Tuesday, August 30th. Finally, BNP Paribas reaffirmed a “neutral” rating and set a GBX 1,346 ($17.57) price objective on shares of Burberry Group plc in a research note on Friday, July 22nd.
In other Burberry Group plc news, insider Bailey,Christopher sold 18,750 shares of Burberry Group plc 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).
Shares of Burberry Group plc (LON:BRBY) opened at 1379.00 on Thursday. Burberry Group plc has a 12-month low of GBX 1,039.00 and a 12-month high of GBX 1,512.00. The company has a 50-day moving average price of GBX 1,335.57 and a 200-day moving average price of GBX 1,245.76. The company’s market cap is GBX 6.09 billion.
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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