Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reiterated by equities researchers at BNP Paribas in a research note issued to investors on Wednesday. They currently have a GBX 1,460 ($19.06) price target on the stock. BNP Paribas’ target price would suggest a potential upside of 2.82% from the company’s current price.
A number of other research analysts also recently issued reports on BRBY. Societe Generale reissued a “hold” rating and set a GBX 1,200 ($15.66) price objective on shares of Burberry Group plc in a research report on Friday, June 17th. HSBC reaffirmed a “hold” rating and issued a GBX 1,500 ($19.58) target price on shares of Burberry Group plc in a research report on Monday, June 27th. Goldman Sachs Group Inc. reduced their target price on shares of Burberry Group plc from GBX 1,470 ($19.19) to GBX 1,267 ($16.54) and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 1,380 ($18.01) target price on shares of Burberry Group plc in a research report on Friday, July 1st. Finally, Jefferies Group upped their target price on shares of Burberry Group plc from GBX 1,240 ($16.19) to GBX 1,290 ($16.84) and gave the stock a “hold” rating in a research report on Tuesday, July 5th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the company. Burberry Group plc currently has an average rating of “Hold” and an average target price of GBX 1,381.48 ($18.03).
Shares of Burberry Group plc (LON:BRBY) opened at 1419.00 on Wednesday. The stock’s market cap is GBX 6.27 billion. Burberry Group plc has a 12-month low of GBX 1,039.00 and a 12-month high of GBX 1,512.00. The company’s 50-day moving average is GBX 1,339.50 and its 200-day moving average is GBX 1,244.28.
In other Burberry Group plc 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 ($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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