Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. They currently have a GBX 1,450 ($17.67) target price on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 3.35% from the stock’s previous close.
BRBY has been the subject of a number of other research reports. Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 1,150 ($14.02) price objective on shares of Burberry Group plc in a report on Wednesday, September 21st. Goldman Sachs Group Inc. raised their price objective on shares of Burberry Group plc from GBX 1,310 ($15.97) to GBX 1,480 ($18.04) and gave the company a “neutral” rating in a report on Tuesday, September 27th. Jefferies Group reiterated a “hold” rating and issued a GBX 1,290 ($15.72) price objective on shares of Burberry Group plc in a report on Thursday, October 6th. Morgan Stanley raised their price objective on shares of Burberry Group plc from GBX 1,280 ($15.60) to GBX 1,424 ($17.36) and gave the company an “equal weight” rating in a report on Tuesday, August 30th. Finally, Berenberg Bank initiated coverage on shares of Burberry Group plc in a report on Thursday, October 13th. They issued a “buy” rating and a GBX 1,725 ($21.02) price objective for the company. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,388.64 ($16.92).
Burberry Group plc (LON:BRBY) opened at 1403.00 on Wednesday. The company’s market cap is GBX 6.20 billion. The firm has a 50-day moving average of GBX 1,372.65 and a 200-day moving average of GBX 1,254.83. Burberry Group plc has a 52 week low of GBX 1,039.00 and a 52 week high of GBX 1,545.00.
In other news, insider Bailey,Christopher sold 18,750 shares of Burberry Group plc stock in a transaction 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.
Receive News & Ratings for Burberry Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group plc and related companies with MarketBeat.com's FREE daily email newsletter.