Todays Report: The Burberry Group plc (BRBY) Price Target Raised to GBX 1,300

The Burberry Group plc (BRBY) Price Target Raised to GBX 1,300

Burberry Group plc (LON:BRBY) had its price objective hoisted by Credit Suisse Group AG from GBX 1,150 ($14.02) to GBX 1,300 ($15.84) in a report released on Tuesday morning. Credit Suisse Group AG currently has an underperform rating on the stock.

Several other analysts have also issued reports on the stock. Royal Bank Of Canada upgraded shares of Burberry Group plc to a sector performer rating and raised their price target for the stock from GBX 1,200 ($14.63) to GBX 1,400 ($17.06) in a research report on Friday, September 30th. Deutsche Bank AG raised their price objective on shares of Burberry Group plc from GBX 1,350 ($16.45) to GBX 1,475 ($17.98) and gave the stock a hold rating in a report on Tuesday, October 11th. BNP Paribas reaffirmed a neutral rating and set a GBX 1,346 ($16.40) price objective on shares of Burberry Group plc in a report on Thursday, July 28th. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 1,450 ($17.67) price objective on shares of Burberry Group plc in a report on Wednesday, October 5th. Finally, Jefferies Group reaffirmed a hold rating and set a GBX 1,290 ($15.72) price objective on shares of Burberry Group plc in a report on Thursday, October 6th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 1,407.50 ($17.15).

Burberry Group plc (LON:BRBY) opened at 1473.7385 on Tuesday. The stock has a 50 day moving average of GBX 1,406.43 and a 200 day moving average of GBX 1,264.74. Burberry Group plc has a 12-month low of GBX 1,039.00 and a 12-month high of GBX 1,567.00. The company’s market capitalization is GBX 6.51 billion.

In other Burberry Group plc news, insider Bailey,Christopher sold 18,750 shares of Burberry Group plc stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($16.48), for a total value of £253,500 ($308,957.95).

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