Burberry Group plc (LON:BRBY) had its target price lifted by Goldman Sachs Group Inc. from GBX 1,310 ($17.10) to GBX 1,480 ($19.32) in a report released on Tuesday morning. Goldman Sachs Group Inc. currently has a neutral rating on the stock.
BRBY has been the topic of a number of other research reports. Credit Suisse Group AG reaffirmed an underperform rating and set a GBX 1,150 ($15.01) target price on shares of Burberry Group plc in a research note on Wednesday, September 21st. JPMorgan Chase & Co. upped their target price on Burberry Group plc from GBX 1,380 ($18.01) to GBX 1,450 ($18.93) and gave the company a neutral rating in a research note on Monday, September 5th. Morgan Stanley upped their target price on 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 note on Tuesday, August 30th. BNP Paribas reaffirmed a neutral rating and set a GBX 1,346 ($17.57) target price on shares of Burberry Group plc in a research note on Friday, July 22nd. Finally, Barclays PLC upped their target price on 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 note on Monday, September 5th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 1,370.39 ($17.89).
Shares of Burberry Group plc (LON:BRBY) opened at 1399.07 on Tuesday. Burberry Group plc has a 12 month low of GBX 1,039.00 and a 12 month high of GBX 1,512.00. The stock has a 50 day moving average price of GBX 1,331.03 and a 200-day moving average price of GBX 1,244.01. The company’s market capitalization is GBX 6.18 billion.
In other Burberry Group plc news, insider Bailey,Christopher sold 18,750 shares of Burberry Group plc stock in a transaction dated 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).
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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