Berenberg Bank started coverage on shares of Burberry Group plc (LON:BRBY) in a research report issued on Thursday. The firm set a “buy” rating and a GBX 1,725 ($21.35) price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 12.75% from the company’s current price.
Several other research analysts have also recently weighed in on the stock. Societe Generale raised shares of Burberry Group plc to a “hold” rating and boosted their price objective for the company from GBX 1,300 ($16.09) to GBX 1,505 ($18.63) in a report on Tuesday, October 11th. Deutsche Bank AG boosted their price objective on shares of Burberry Group plc from GBX 1,350 ($16.71) to GBX 1,475 ($18.25) and gave the company a “hold” rating in a report on Tuesday, October 11th. Jefferies Group reissued a “hold” rating and set a GBX 1,290 ($15.97) price objective on shares of Burberry Group plc in a report on Thursday, October 6th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 1,450 ($17.95) price objective on shares of Burberry Group plc in a report on Wednesday, October 5th. Finally, BNP Paribas reissued a “neutral” rating and set a GBX 1,460 ($18.07) price objective on shares of Burberry Group plc in a report on Wednesday, October 5th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have assigned a buy rating to the company. Burberry Group plc currently has a consensus rating of “Hold” and an average price target of GBX 1,388.64 ($17.19).
Shares of Burberry Group plc (LON:BRBY) opened at 1525.00 on Thursday. Burberry Group plc has a 52-week low of GBX 1,039.00 and a 52-week high of GBX 1,545.00. The stock’s market cap is GBX 6.74 billion. The stock’s 50 day moving average is GBX 1,365.57 and its 200 day moving average is GBX 1,254.48.
In other news, insider Bailey,Christopher sold 18,750 shares of the stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($16.73), for a total value of £253,500 ($313,737.62).
About Burberry Group plc
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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