Burberry Group plc (LON:BRBY) was upgraded by investment analysts at Royal Bank Of Canada to a “sector performer” rating in a research report issued to clients and investors on Friday. The brokerage currently has a GBX 1,400 ($18.27) target price on the stock, up from their prior target price of GBX 1,200 ($15.66). Royal Bank Of Canada’s price objective points to a potential upside of 3.47% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. Morgan Stanley restated an “equal weight” rating and set a GBX 1,280 ($16.71) price target on shares of Burberry Group plc in a report on Friday, July 8th. Barclays PLC restated an “equal weight” rating and set a GBX 1,220 ($15.92) price target on shares of Burberry Group plc in a report on Thursday, July 14th. Societe Generale restated a “hold” rating and set a GBX 1,200 ($15.66) price target on shares of Burberry Group plc in a report on Wednesday, June 29th. HSBC reiterated a “hold” rating and issued a GBX 1,500 ($19.58) price objective on shares of Burberry Group plc in a report on Monday, June 27th. Finally, Jefferies Group increased their price objective on Burberry Group plc from GBX 1,240 ($16.19) to GBX 1,290 ($16.84) and gave the company a “hold” rating in a report on Tuesday, July 5th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 1,380.17 ($18.02).
Burberry Group plc (LON:BRBY) opened at 1353.00 on Friday. The company’s 50-day moving average price is GBX 1,334.53 and its 200 day moving average price is GBX 1,244.30. Burberry Group plc has a 12 month low of GBX 1,039.00 and a 12 month high of GBX 1,512.00. The stock’s market capitalization is GBX 5.98 billion.
In related news, insider Bailey,Christopher sold 18,750 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of GBX 1,352 ($17.65), for a total value 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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