Burberry Group plc (LON:BRBY) had its price target upped by Goldman Sachs Group Inc. from GBX 1,310 ($17.10) to GBX 1,480 ($19.32) in a research report report published on Tuesday. Goldman Sachs Group Inc. currently has a neutral rating on the stock.
Several other brokerages also recently weighed in on BRBY. Barclays PLC upped 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. Beaufort Securities reaffirmed a hold rating on shares of Burberry Group plc in a report on Tuesday, August 2nd. BNP Paribas reiterated a neutral rating and issued a GBX 1,325 ($17.30) price target on shares of Burberry Group plc in a research note on Wednesday, June 22nd. Morgan Stanley reiterated an equal weight rating and issued a GBX 1,280 ($16.71) price target on shares of Burberry Group plc in a research note on Friday, July 8th. Finally, Credit Suisse Group AG boosted their price target on shares of Burberry Group plc from GBX 1,000 ($13.05) to GBX 1,150 ($15.01) and gave the stock an underperform rating in a research note on Tuesday, July 19th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 1,380.17 ($18.02).
Shares of Burberry Group plc (LON:BRBY) opened at 1375.337280 on Tuesday. The company’s market capitalization is GBX 6.08 billion. Burberry Group plc has a 1-year low of GBX 1,039.00 and a 1-year high of GBX 1,512.00. The company has a 50 day moving average price of GBX 1,335.57 and a 200 day moving average price of GBX 1,245.76.
In other 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).
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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