Burberry Group plc (BRBY) Price Target Increased to GBX 1,475 by Analysts at Deutsche Bank AG
Burberry Group plc (LON:BRBY) had its price objective boosted by Deutsche Bank AG from GBX 1,350 ($16.71) to GBX 1,475 ($18.25) in a research note published on Tuesday morning. The brokerage currently has a hold rating on the stock.
BRBY has been the subject of a number of other reports. Liberum Capital lifted their price target on Burberry Group plc from GBX 925 ($11.45) to GBX 975 ($12.07) and gave the stock a sell rating in a research note on Tuesday, July 5th. BNP Paribas reiterated a neutral rating and issued a GBX 1,346 ($16.66) price target on shares of Burberry Group plc in a research note on Thursday, June 30th. Goldman Sachs Group Inc. decreased their price target on Burberry Group plc from GBX 1,470 ($18.19) to GBX 1,267 ($15.68) and set a neutral rating for the company in a research note on Wednesday, June 29th. JPMorgan Chase & Co. reiterated a neutral rating on shares of Burberry Group plc in a research note on Tuesday, July 12th. Finally, HSBC reiterated a hold rating and issued a GBX 1,500 ($18.56) price target on shares of Burberry Group plc in a research note on Monday, June 27th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 1,372.27 ($16.98).
Burberry Group plc (LON:BRBY) traded up 0.33% on Tuesday, hitting GBX 1521.00. The stock had a trading volume of 1,274,865 shares. The company’s 50-day moving average is GBX 1,352.59 and its 200-day moving average is GBX 1,248.96. The stock’s market cap is GBX 6.72 billion. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,530.00.
In related 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 ($16.73), for a total transaction of £253,500 ($313,737.62).
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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