Burberry Group plc (LON:BRBY) had its price target upped by investment analysts at Deutsche Bank AG from GBX 1,350 ($16.71) to GBX 1,475 ($18.25) in a report issued on Tuesday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s target price suggests a potential downside of 2.70% from the stock’s previous close.
A number of other research firms have also recently commented on BRBY. Royal Bank Of Canada raised Burberry Group plc to a “sector performer” rating and increased their target price for the company from GBX 1,200 ($14.85) to GBX 1,400 ($17.33) in a research note on Friday, September 30th. Barclays PLC upped their price target on shares of Burberry Group plc from GBX 1,220 ($15.10) to GBX 1,320 ($16.34) and gave the company an “equal weight” rating in a research report on Monday, September 5th. Beaufort Securities restated a “hold” rating on shares of Burberry Group plc in a research report on Tuesday, August 2nd. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 1,450 ($17.95) price target on shares of Burberry Group plc in a research report on Wednesday, October 5th. Finally, BNP Paribas restated a “neutral” rating and set a GBX 1,325 ($16.40) price target on shares of Burberry Group plc in a research report on Wednesday, June 22nd. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,387.61 ($17.17).
Burberry Group plc (LON:BRBY) opened at 1510.00 on Tuesday. The firm’s 50-day moving average price is GBX 1,358.28 and its 200 day moving average price is GBX 1,250.35. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,530.00. The firm’s market capitalization is GBX 6.67 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 shares were sold at an average price of GBX 1,352 ($16.73), for a total value of £253,500 ($313,737.62).
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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