Several other research analysts have also issued reports on the company. Royal Bank Of Canada raised Burberry Group plc to a sector performer rating and upped their target price for the company from GBX 1,200 ($15.66) to GBX 1,400 ($18.27) in a research report on Friday, September 30th. HSBC reissued 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. Barclays PLC increased their price objective on Burberry Group plc from GBX 1,220 ($15.92) to GBX 1,320 ($17.23) and gave the company an equal weight rating in a report on Monday, September 5th. Credit Suisse Group AG reissued an underperform rating and issued a GBX 1,000 ($13.05) price objective on shares of Burberry Group plc in a report on Monday, July 11th. Finally, Morgan Stanley increased their price objective on Burberry Group plc from GBX 1,280 ($16.71) to GBX 1,424 ($18.59) and gave the company an equal weight rating in a report on Tuesday, August 30th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 1,357.27 ($17.72).
Burberry Group plc (LON:BRBY) opened at 1460.4272 on Wednesday. Burberry Group plc has a 12-month low of GBX 1,039.00 and a 12-month high of GBX 1,512.00. The company has a 50-day moving average price of GBX 1,345.38 and a 200-day moving average price of GBX 1,248.15. The stock’s market capitalization is GBX 6.45 billion.
In other Burberry Group plc news, insider Bailey,Christopher sold 18,750 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was 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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