Burberry Group plc (LON:BRBY) had its target price hoisted by Deutsche Bank AG from GBX 1,350 ($16.71) to GBX 1,475 ($18.25) in a research report sent to investors on Tuesday morning. They currently have a hold rating on the stock.
BRBY has been the subject of a number of other reports. Credit Suisse Group AG reiterated an underperform rating and set a GBX 1,150 ($14.23) price objective on shares of Burberry Group plc in a research note on Wednesday, September 21st. Goldman Sachs Group Inc. boosted their price target on Burberry Group plc from GBX 1,310 ($16.21) to GBX 1,480 ($18.32) and gave the stock a neutral rating in a report on Tuesday, September 27th. JPMorgan Chase & Co. boosted their price target on Burberry Group plc from GBX 1,380 ($17.08) to GBX 1,450 ($17.95) and gave the stock a neutral rating in a report on Monday, September 5th. Morgan Stanley boosted their price target on Burberry Group plc from GBX 1,280 ($15.84) to GBX 1,424 ($17.62) and gave the stock an equal weight rating in a report on Tuesday, August 30th. Finally, Jefferies Group reissued a hold rating and issued a GBX 1,290 ($15.97) price target on shares of Burberry Group plc in a report on Thursday, October 6th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of GBX 1,372.27 ($16.98).
Burberry Group plc (LON:BRBY) traded up 0.33% during midday trading on Tuesday, reaching GBX 1521.00. 1,274,865 shares of the company’s stock were exchanged. The stock’s market cap is GBX 6.72 billion. Burberry Group plc has a 12 month low of GBX 1,039.00 and a 12 month high of GBX 1,530.00. The firm has a 50 day moving average of GBX 1,352.59 and a 200-day moving average of GBX 1,248.96.
In other news, insider Bailey,Christopher sold 18,750 shares of the 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).
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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