Burberry Group plc (LON:BRBY) had its price target increased by Credit Suisse Group from GBX 1,650 ($21.31) to GBX 2,000 ($25.83) in a research report sent to investors on Friday. Credit Suisse Group currently has an outperform rating on the stock.
Several other brokerages have also recently issued reports on BRBY. HSBC Holdings plc cut shares of Burberry Group plc to a reduce rating and lowered their target price for the company from GBX 1,630 ($21.05) to GBX 1,580 ($20.41) in a report on Tuesday, June 6th. BNP Paribas restated a neutral rating and issued a GBX 1,650 ($21.31) target price on shares of Burberry Group plc in a report on Tuesday, August 8th. Societe Generale upped their target price on shares of Burberry Group plc from GBX 1,715 ($22.15) to GBX 1,890 ($24.41) and gave the company a hold rating in a report on Monday, September 4th. Liberum Capital restated a sell rating and issued a GBX 1,350 ($17.44) target price on shares of Burberry Group plc in a report on Friday, August 25th. Finally, Citigroup Inc. restated a neutral rating and issued a GBX 1,760 ($22.73) target price on shares of Burberry Group plc in a report on Wednesday, June 28th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 1,701.21 ($21.97).
Shares of Burberry Group plc (BRBY) opened at 1790.00 on Friday. The firm has a 50-day moving average of GBX 1,759.61 and a 200 day moving average of GBX 1,721.33. The firm’s market capitalization is GBX 7.79 billion. 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 company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of GBX 1,797 ($23.21), for a total transaction 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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