Burberry Group plc (BRBY) Earns “Neutral” Rating from JPMorgan Chase & Co.
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a report issued on Wednesday. They presently have a GBX 1,450 ($18.93) price target on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 2.11% from the stock’s current price.
BRBY has been the topic of a number of other reports. Credit Suisse Group AG reissued an “underperform” rating and set a GBX 1,150 ($15.01) price objective on shares of Burberry Group plc in a research report on Wednesday, September 21st. Goldman Sachs Group Inc. boosted their price objective on shares of 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 report on Tuesday, September 27th. Morgan Stanley boosted their price objective on shares of 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 report on Tuesday, August 30th. BNP Paribas reissued a “neutral” rating and set a GBX 1,346 ($17.57) price objective on shares of Burberry Group plc in a research report on Friday, July 22nd. Finally, Barclays PLC boosted their price objective on shares of Burberry Group plc from GBX 1,220 ($15.92) to GBX 1,320 ($17.23) and gave the company an “equal weight” rating in a research report on Monday, September 5th. Three research analysts have rated the stock with a sell rating, nineteen have issued 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 1,381.48 ($18.03).
Shares of Burberry Group plc (LON:BRBY) opened at 1419.00 on Wednesday. The company’s market cap is GBX 6.27 billion. Burberry Group plc has a 12 month low of GBX 1,039.00 and a 12 month high of GBX 1,512.00. The firm has a 50-day moving average of GBX 1,339.50 and a 200 day moving average of GBX 1,244.28.
In related news, insider Bailey,Christopher sold 18,750 shares of the 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).
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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