Investment analysts at Berenberg Bank initiated coverage on shares of Burberry Group plc (LON:BRBY) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating and a GBX 1,725 ($21.35) price target on the stock. Berenberg Bank’s price objective points to a potential upside of 13.79% from the company’s current price.
Several other brokerages also recently issued reports on BRBY. Deutsche Bank AG raised their price objective on shares of Burberry Group plc from GBX 1,350 ($16.71) to GBX 1,475 ($18.25) and gave the stock a “hold” rating in a research note on Tuesday. Societe Generale upgraded shares of Burberry Group plc to a “hold” rating and raised their price objective for the stock from GBX 1,300 ($16.09) to GBX 1,505 ($18.63) in a research note on Tuesday. Jefferies Group restated a “hold” rating and issued a GBX 1,290 ($15.97) price objective on shares of Burberry Group plc in a research note on Thursday, October 6th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 1,450 ($17.95) price objective on shares of Burberry Group plc in a research note on Wednesday, October 5th. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 1,460 ($18.07) price objective on shares of Burberry Group plc in a research note on Wednesday, October 5th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have assigned a buy rating to the stock. Burberry Group plc presently has a consensus rating of “Hold” and a consensus price target of GBX 1,387.61 ($17.17).
Shares of Burberry Group plc (LON:BRBY) opened at 1516.00 on Thursday. Burberry Group plc has a 12-month low of GBX 1,039.00 and a 12-month high of GBX 1,530.00. The firm’s market cap is GBX 6.70 billion. The company has a 50 day moving average of GBX 1,358.28 and a 200-day moving average of GBX 1,250.35.
In other news, insider Bailey,Christopher sold 18,750 shares of the business’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of GBX 1,352 ($16.73), for a total transaction of £253,500 ($313,737.62).