Burberry Group plc (LON:BRBY) had its price target boosted by research analysts at J P Morgan Chase & Co from GBX 1,600 ($20.84) to GBX 1,620 ($21.10) in a research report issued to clients and investors on Thursday, July 13th. The brokerage presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s target price would indicate a potential downside of 6.74% from the company’s previous close.
A number of other research firms have also recently commented on BRBY. HSBC Holdings plc cut shares of Burberry Group plc to a “reduce” rating and lowered their price objective for the company from GBX 1,630 ($21.23) to GBX 1,580 ($20.58) in a research report on Tuesday, June 6th. BNP Paribas reiterated a “neutral” rating and set a GBX 1,590 ($20.71) target price on shares of Burberry Group plc in a report on Friday, March 17th. Liberum Capital increased their target price on Burberry Group plc from GBX 1,200 ($15.63) to GBX 1,350 ($17.58) and gave the stock a “sell” rating in a report on Thursday, March 16th. Barclays PLC reiterated an “overweight” rating and set a GBX 1,900 ($24.74) target price on shares of Burberry Group plc in a report on Monday, March 20th. Finally, Deutsche Bank AG increased their target price on Burberry Group plc from GBX 1,525 ($19.86) to GBX 1,650 ($21.49) and gave the stock a “hold” rating in a report on Wednesday, April 12th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Burberry Group plc presently has an average rating of “Hold” and a consensus price target of GBX 1,658.35 ($21.60).
Shares of Burberry Group plc (BRBY) traded down 1.14% during trading on Thursday, hitting GBX 1737.00. The stock had a trading volume of 1,044,000 shares. Burberry Group plc has a one year low of GBX 1,228.00 and a one year high of GBX 1,879.00. The company’s market cap is GBX 7.55 billion. The stock’s 50-day moving average price is GBX 1,693.45 and its 200-day moving average price is GBX 1,701.05.
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In other Burberry Group plc news, insider Julie Brown purchased 9,621 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was bought at an average cost of GBX 1,725 ($22.46) per share, for a total transaction of £165,962.25 ($216,124.82). Also, insider Christopher Bailey sold 174,050 shares of Burberry Group plc stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of GBX 1,797 ($23.40), for a total transaction of £3,127,678.50 ($4,073,028.39).
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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