A statement released earlier today by Berenberg about Burberry Group PLC (LON:BRBY) bumps the target price to 1,725.00GBX
- Updated: October 15, 2016
Berenberg raised the target price of Burberry Group PLC (LON:BRBY) to 1,725.00GBX reporting a possible upside of 0.13%.
Previously on Tuesday October 11, 2016, Deutsche Bank reported on Burberry Group PLC (LON:BRBY) increased the target price from 1,350.00GBX to 1,475.00GBX. At the time, this indicated a possible downside of -0.02%.
Just yesterday Burberry Group PLC (LON:BRBY) traded 2.00% higher at 1,521.50GBX. Burberry Group PLC’s 50-day moving average is 1,365.57GBX and its 200-day moving average is 1,254.48GBX. The last closing price is up 21.96% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,595,648 shares of BRBY traded, up from an avg. volume of 2,207,070
With a total market value of 0 GBX, Burberry Group PLC has price-earnings ratio of 22.05 with a one year low of 1,039.00GBX and a one year high of 1,545.00GBX .
A total of 29 equity analysts have released a ratings update on BRBY. Two equity analysts rating the company a strong buy, five equity analysts rating the company a buy, twenty equity analysts rating the company a hold, three equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of 1,290.43GBX.
Brief Synopsis About Burberry Group PLC (LON:BRBY)
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. The Licensing segment is engaged in the receipt of royalties from the Company's partners in Japan and global licensees of eyewear, timepieces and European childrenswear. The Company's product divisions are Womens, Mens and Childrens apparel, Accessories, and Beauty (which includes fragrance and make-up). Its subsidiaries include Burberry Latin America Holdings, S.L, Burberry (Suisse) SA, Burberry (Taiwan) Co Ltd, Burberry (Thailand) Limited and Burberry FZ-LLC.
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