Burberry Group plc (LON:BRBY) had its price objective lifted by BNP Paribas from GBX 1,350 ($17.62) to GBX 1,460 ($19.06) in a research report issued on Tuesday, StockTargetPrices.com reports. The brokerage presently has a “neutral” rating on the stock. BNP Paribas’ price objective would suggest a potential upside of 5.26% from the company’s previous close.
Several other research analysts also recently commented on the stock. HSBC reiterated a “hold” rating and issued a GBX 1,500 ($19.58) target price on shares of Burberry Group plc in a report on Monday, June 27th. Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 1,000 ($13.05) target price on shares of Burberry Group plc in a report on Monday, July 11th. Barclays PLC lifted their target price on shares of Burberry Group plc from GBX 1,220 ($15.92) to GBX 1,320 ($17.23) and gave the stock an “equal weight” rating in a report on Monday, September 5th. Morgan Stanley reiterated an “equal weight” rating and issued a GBX 1,280 ($16.71) target price on shares of Burberry Group plc in a report on Friday, July 8th. Finally, Deutsche Bank AG lifted their target price on shares of Burberry Group plc from GBX 1,250 ($16.32) to GBX 1,350 ($17.62) and gave the stock a “hold” rating in a report on Monday, July 11th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,370.39 ($17.89).
Burberry Group plc (LON:BRBY) opened at 1387.00 on Tuesday. Burberry Group plc has a 52-week low of GBX 1,039.00 and a 52-week high of GBX 1,512.00. The firm has a 50-day moving average of GBX 1,333.53 and a 200-day moving average of GBX 1,243.53. The stock’s market capitalization is GBX 6.13 billion.
In related news, insider Bailey,Christopher sold 18,750 shares of the business’s 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).
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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