Several other equities analysts have also weighed in on the stock. Societe Generale upgraded shares of Burberry Group plc to a hold rating and lifted their target price for the company from GBX 1,300 ($16.09) to GBX 1,505 ($18.63) in a report on Tuesday. Deutsche Bank AG lifted their target price on shares of Burberry Group plc from GBX 1,350 ($16.71) to GBX 1,475 ($18.25) and gave the company a hold rating in a report on Tuesday. Jefferies Group restated a hold rating and set a GBX 1,290 ($15.97) target price on shares of Burberry Group plc in a report on Thursday, October 6th. JPMorgan Chase & Co. restated a neutral rating and set a GBX 1,450 ($17.95) target price on shares of Burberry Group plc in a report on Wednesday, October 5th. Finally, BNP Paribas restated a neutral rating and set a GBX 1,460 ($18.07) target price on shares of Burberry Group plc in a report on Wednesday, October 5th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Burberry Group plc has a consensus rating of Hold and a consensus price target of GBX 1,393.48 ($17.25).
Shares of Burberry Group plc (LON:BRBY) traded up 2.13% during trading on Thursday, hitting GBX 1532.00. The company had a trading volume of 1,526,961 shares. The stock’s 50-day moving average is GBX 1,360.78 and its 200 day moving average is GBX 1,252.56. The firm’s market capitalization is GBX 6.77 billion. Burberry Group plc has a 52-week low of GBX 1,039.00 and a 52-week high of GBX 1,545.00.
In related 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 ($16.73), for a total transaction 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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