Royal Bank Of Canada upgraded shares of Burberry Group plc (LON:BRBY) to a sector performer rating in a research note issued to investors on Friday. Royal Bank Of Canada currently has GBX 1,400 ($18.27) price target on the stock, up from their previous price target of GBX 1,200 ($15.66).
BRBY has been the topic of several other research reports. Liberum Capital boosted their target price on Burberry Group plc from GBX 925 ($12.07) to GBX 975 ($12.73) and gave the stock a sell rating in a research report on Tuesday, July 5th. BNP Paribas reissued a neutral rating and set a GBX 1,346 ($17.57) price target on shares of Burberry Group plc in a research note on Thursday, June 30th. Goldman Sachs Group Inc. decreased their price target on 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 note on Wednesday, June 29th. Deutsche Bank AG boosted their price target on Burberry Group plc from GBX 1,250 ($16.32) to GBX 1,350 ($17.62) and gave the stock a hold rating in a research note on Monday, July 11th. Finally, JPMorgan Chase & Co. reissued a neutral rating on shares of Burberry Group plc in a research note on Tuesday, July 12th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have given a buy rating to the company’s stock. Burberry Group plc 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 1422.00 on Friday. The firm’s 50-day moving average price is GBX 1,339.50 and its 200 day moving average price is GBX 1,244.28. The firm’s market cap is GBX 6.28 billion. Burberry Group plc has a 1-year low of GBX 1,039.00 and a 1-year high of GBX 1,512.00.
In other Burberry Group plc news, insider Bailey,Christopher sold 18,750 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($17.65), for a total value of £253,500 ($330,896.75).
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.
Receive News & Ratings for Burberry Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group plc and related companies with MarketBeat.com's FREE daily email newsletter.