Burberry Group plc (BRBY) Given New GBX 1,680 Price Target at HSBC Holdings plc
Burberry Group plc (LON:BRBY) had its price objective boosted by HSBC Holdings plc from GBX 1,580 ($20.96) to GBX 1,680 ($22.28) in a research note released on Monday morning. The firm currently has a reduce rating on the stock.
BRBY has been the topic of several other research reports. J P Morgan Chase & Co restated a neutral rating and issued a GBX 1,600 ($21.22) price target on shares of Burberry Group plc in a research report on Friday, June 30th. Societe Generale upped their price target on shares of Burberry Group plc from GBX 1,715 ($22.75) to GBX 1,890 ($25.07) and gave the company a hold rating in a research note on Monday, September 4th. Deutsche Bank AG reiterated a hold rating and set a GBX 1,650 ($21.89) price objective on shares of Burberry Group plc in a research report on Thursday, July 13th. BNP Paribas reiterated a neutral rating and set a GBX 1,650 ($21.89) price objective on shares of Burberry Group plc in a research report on Tuesday, August 8th. Finally, Bryan, Garnier & Co reissued a sell rating on shares of Burberry Group plc in a research note on Monday, September 11th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 1,718.30 ($22.79).
Burberry Group plc (LON:BRBY) opened at 1800.00 on Monday. The company’s market capitalization is GBX 7.83 billion. Burberry Group plc has a 52 week low of GBX 1,360.00 and a 52 week high of GBX 1,879.00. The stock’s 50 day moving average price is GBX 1,769.31 and its 200-day moving average price is GBX 1,722.01.
In related news, insider Christopher Bailey sold 174,050 shares of Burberry Group plc stock in a transaction dated Monday, August 7th. The shares were sold at an average price of GBX 1,797 ($23.84), for a total transaction of £3,127,678.50 ($4,148,664.94).
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.
Receive News & Ratings for Burberry Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group plc and related companies with Analyst Ratings Network's FREE daily email newsletter.