JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Burberry Group plc (LON:BRBY) in a report published on Wednesday morning. JPMorgan Chase & Co. currently has a GBX 1,450 ($18.93) price target on the stock.
A number of other analysts also recently weighed in on the stock. Royal Bank Of Canada raised shares of Burberry Group plc to a sector performer rating and upped their price target for the stock from GBX 1,200 ($15.66) to GBX 1,400 ($18.27) in a report on Friday, September 30th. BNP Paribas reiterated a neutral rating and set a GBX 1,346 ($17.57) price objective on shares of Burberry Group plc in a research report on Thursday, July 28th. HSBC reiterated a hold rating and set a GBX 1,500 ($19.58) price objective on shares of Burberry Group plc in a research report on Monday, June 27th. Barclays PLC upped their price objective 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 research report on Monday, September 5th. Finally, Credit Suisse Group AG reiterated an underperform rating and set a GBX 1,000 ($13.05) price objective on shares of Burberry Group plc in a research report on Monday, July 11th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 1,357.27 ($17.72).
Burberry Group plc (LON:BRBY) opened at 1483.2065 on Wednesday. The company’s market capitalization is GBX 6.55 billion. 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 50 day moving average is GBX 1,345.38 and its 200-day moving average is GBX 1,248.15.
In other news, insider Bailey,Christopher sold 18,750 shares of the 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).
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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