A number of other analysts have also recently issued reports on the company. Credit Suisse Group boosted their price objective on Burberry Group plc from GBX 1,650 ($21.31) to GBX 2,000 ($25.83) and gave the company an outperform rating in a research report on Friday. Societe Generale boosted their price objective on Burberry Group plc from GBX 1,715 ($22.15) to GBX 1,890 ($24.41) and gave the company a hold rating in a research report on Monday, September 4th. Liberum Capital restated a sell rating and set a GBX 1,350 ($17.44) price objective on shares of Burberry Group plc in a research report on Friday, August 25th. BNP Paribas restated a neutral rating and set a GBX 1,650 ($21.31) price objective on shares of Burberry Group plc in a research report on Tuesday, August 8th. Finally, Goldman Sachs Group, Inc. (The) restated a neutral rating and set a GBX 1,700 ($21.96) price objective on shares of Burberry Group plc in a research report on Monday, July 24th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Burberry Group plc currently has a consensus rating of Hold and an average target price of GBX 1,701.21 ($21.97).
Burberry Group plc (LON BRBY) opened at 1778.00 on Monday. The company’s market capitalization is GBX 7.73 billion. The company’s 50-day moving average price is GBX 1,759.61 and its 200 day moving average price is GBX 1,721.33. Burberry Group plc has a 52 week low of GBX 1,228.00 and a 52 week high of GBX 1,879.00.
In other Burberry Group plc news, insider Christopher Bailey sold 174,050 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of GBX 1,797 ($23.21), for a total value of £3,127,678.50 ($4,039,362.65).
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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