Burberry Group plc (BRBY) Given New GBX 1,350 Price Target at Barclays PLC
Burberry Group plc (LON:BRBY) had its target price upped by research analysts at Barclays PLC from GBX 1,320 ($17.23) to GBX 1,350 ($17.62) in a report released on Tuesday. The firm presently has an “equal weight” rating on the stock. Barclays PLC’s target price indicates a potential downside of 3.36% from the company’s current price.
A number of other brokerages also recently issued reports on BRBY. Goldman Sachs Group Inc. lifted their price target on shares of 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 note on Tuesday, September 27th. BNP Paribas lifted their price target on shares of Burberry Group plc from GBX 1,350 ($17.62) to GBX 1,460 ($19.06) and gave the stock a “neutral” rating in a research note on Tuesday, September 27th. Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 1,150 ($15.01) price target on shares of Burberry Group plc in a research note on Wednesday, September 21st. Royal Bank Of Canada upgraded shares of Burberry Group plc to a “sector performer” rating and lifted their price target for the stock from GBX 1,200 ($15.66) to GBX 1,400 ($18.27) in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of 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. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,381.48 ($18.03).
Shares of Burberry Group plc (LON:BRBY) opened at 1397.00 on Tuesday. The company’s 50-day moving average is GBX 1,336.72 and its 200-day moving average is GBX 1,244.22. The stock’s market capitalization is GBX 6.17 billion. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,512.00.
In other Burberry Group plc news, insider Bailey,Christopher sold 18,750 shares of the company’s stock in a transaction dated 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).
About Burberry Group plc
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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