Burberry Group plc (LON:BRBY) had its price objective boosted by equities researchers at Haitong Bank from GBX 1,265 ($15.42) to GBX 1,400 ($17.06) in a research report issued on Friday. The brokerage presently has a “neutral” rating on the stock. Haitong Bank’s price target indicates a potential downside of 7.41% from the company’s previous close.
A number of other research firms have also recently weighed in on BRBY. Royal Bank Of Canada raised Burberry Group plc to a “sector performer” rating and raised their price objective for the stock from GBX 1,200 ($14.63) to GBX 1,400 ($17.06) in a research report on Friday, September 30th. Barclays PLC raised their price objective on Burberry Group plc from GBX 1,220 ($14.87) to GBX 1,320 ($16.09) and gave the stock an “equal weight” rating in a research report on Monday, September 5th. Beaufort Securities reissued a “hold” rating on shares of Burberry Group plc in a research report on Tuesday, August 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 1,450 ($17.67) price objective on shares of Burberry Group plc in a research report on Wednesday, October 5th. Finally, BNP Paribas reissued a “neutral” rating and issued a GBX 1,325 ($16.15) price objective on shares of Burberry Group plc in a research report on Wednesday, June 22nd. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,388.64 ($16.92).
Shares of Burberry Group plc (LON:BRBY) opened at 1512.00 on Friday. The company’s market capitalization is GBX 6.68 billion. The firm has a 50-day moving average price of GBX 1,371.81 and a 200 day moving average price of GBX 1,254.56. Burberry Group plc has a 12-month low of GBX 1,039.00 and a 12-month high of GBX 1,545.00.
In other news, insider Bailey,Christopher sold 18,750 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of GBX 1,352 ($16.48), for a total transaction of £253,500 ($308,957.95).
Burberry Group plc Company Profile
Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company’s segments include retail/wholesale and licensing. The Retail/wholesale segment is engaged in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce, as well as Burberry franchisees, prestige department stores globally and multi-brand specialty accounts.
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