Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reiterated by analysts at JPMorgan Chase & Co. in a report released on Wednesday. They currently have a GBX 1,450 ($18.93) price objective on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 2.11% from the company’s previous close.
Other equities research analysts have also issued research reports about the company. Barclays PLC boosted their price target on Burberry Group plc from GBX 1,320 ($17.23) to GBX 1,350 ($17.62) and gave the stock an “equal weight” rating in a research note on Tuesday. BNP Paribas restated a “neutral” rating and set a GBX 1,460 ($19.06) price target on shares of Burberry Group plc in a research note on Wednesday. Credit Suisse Group AG boosted their price target on Burberry Group plc from GBX 1,000 ($13.05) to GBX 1,150 ($15.01) and gave the stock an “underperform” rating in a research note on Tuesday, July 19th. Deutsche Bank AG boosted their price target on Burberry Group plc from GBX 1,250 ($16.32) to GBX 1,350 ($17.62) and gave the stock a “hold” rating in a research note on Monday, July 11th. Finally, Societe Generale restated a “hold” rating and set a GBX 1,200 ($15.66) price target on shares of Burberry Group plc in a research note on Monday, July 11th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have assigned a buy rating to the company’s stock. Burberry Group plc presently has a consensus rating of “Hold” and an average price target of GBX 1,381.48 ($18.03).
Shares of Burberry Group plc (LON:BRBY) opened at 1419.00 on Wednesday. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,512.00. The stock’s market capitalization is GBX 6.27 billion. The firm’s 50-day moving average is GBX 1,339.50 and its 200-day moving average is GBX 1,244.28.
In other news, insider Bailey,Christopher sold 18,750 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of GBX 1,352 ($17.65), for a total transaction 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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