Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reaffirmed by equities research analysts at BNP Paribas in a research note issued to investors on Monday. They presently have a GBX 1,460 ($17.79) price target on the stock. BNP Paribas’ price objective indicates a potential upside of 4.06% from the company’s current price.
A number of other brokerages have also weighed in on BRBY. Royal Bank Of Canada upgraded shares of Burberry Group plc to a “sector performer” rating and lifted their price target for the company from GBX 1,200 ($14.63) to GBX 1,400 ($17.06) in a report on Friday, September 30th. Barclays PLC lifted their price target on shares of Burberry Group plc from GBX 1,220 ($14.87) to GBX 1,320 ($16.09) and gave the company an “equal weight” rating in a report on Monday, September 5th. Beaufort Securities reiterated a “hold” rating on shares of Burberry Group plc in a report on Tuesday, August 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 1,450 ($17.67) price target on shares of Burberry Group plc in a report on Wednesday, October 5th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a GBX 1,280 ($15.60) price target on shares of Burberry Group plc in a report on Friday, July 8th. Three research analysts have rated the stock with a sell rating, nineteen have given 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 1,386.96 ($16.90).
Burberry Group plc (LON:BRBY) opened at 1436.00 on Monday. Burberry Group plc has a 12-month low of GBX 1,039.00 and a 12-month high of GBX 1,545.00. The company has a 50-day moving average price of GBX 1,372.65 and a 200 day moving average price of GBX 1,254.83. The stock’s market cap is GBX 6.35 billion.
In related news, insider Bailey,Christopher sold 18,750 shares of Burberry Group plc stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($16.48), for a total transaction of £253,500 ($308,957.95).
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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