Burberry Group plc (BRBY) Price Target Increased to GBX 2,000 by Analysts at Credit Suisse Group
Burberry Group plc (LON:BRBY) had its price objective upped by analysts at Credit Suisse Group from GBX 1,650 ($21.31) to GBX 2,000 ($25.83) in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s target price indicates a potential upside of 13.44% from the company’s current price.
Several other brokerages have also issued reports on BRBY. HSBC Holdings plc lowered Burberry Group plc to a “reduce” rating and reduced their target price for the company from GBX 1,630 ($21.05) to GBX 1,580 ($20.41) in a research report on Tuesday, June 6th. BNP Paribas reaffirmed a “neutral” rating and set a GBX 1,650 ($21.31) target price on shares of Burberry Group plc in a research report on Tuesday, August 8th. Societe Generale upped their target price on Burberry Group plc from GBX 1,715 ($22.15) to GBX 1,890 ($24.41) and gave the company a “hold” rating in a research report on Monday. Liberum Capital reaffirmed a “sell” rating and set a GBX 1,350 ($17.44) target price on shares of Burberry Group plc in a research report on Friday, August 25th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 1,760 ($22.73) target price on shares of Burberry Group plc in a research report on Wednesday, June 28th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,701.21 ($21.97).
Burberry Group plc (LON:BRBY) traded up 0.51% during midday trading on Friday, hitting GBX 1772.00. The company had a trading volume of 1,522,673 shares. Burberry Group plc has a 52 week low of GBX 1,228.00 and a 52 week high of GBX 1,879.00. The stock’s market capitalization is GBX 7.71 billion. The stock has a 50 day moving average price of GBX 1,752.81 and a 200-day moving average price of GBX 1,719.66.
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In other news, insider Christopher Bailey sold 174,050 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of GBX 1,797 ($23.21), for a total value of £3,127,678.50 ($4,039,362.65).
Burberry Group plc Company Profile
Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company’s segments include retail/wholesale and licensing. The Retail/wholesale segment is engaged in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce, as well as Burberry franchisees, prestige department stores globally and multi-brand specialty accounts.
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