A statement released earlier today by JP Morgan Cazenove about Burberry Group PLC (LON:BRBY) maintains the target price at 1,450.00GBX
- Updated: October 4, 2016
Only yesterday Burberry Group PLC (LON:BRBY) traded 0.43% higher at 1,387.50GBX. The company’s 50-day moving average is 1,336.72GBX and its 200-day moving average is 1,244.22GBX. With the last stock price close up 12.76% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 29,521 shares of the stock traded, down from an avg. volume of 2,166,610
Stating a potential upside of 0.05%, JP Morgan Cazenove hold steady the price target of Burberry Group PLC (LON:BRBY) at 1,450.00GBX
Previously on 10/04/2016, Barclays Capital reported about Burberry Group PLC (LON:BRBY) increased the target price from 1,320.00GBX to 1,350.00GBX. At the time, this indicated a possible downside of -0.03%.
Burberry Group PLC has a PE ratio of 20.22 with a 52 week low of 1,039.00GBX and a 52 week high of 1,512.00GBX Burberry Group PLC’s market capitalization is presently 0 GBX.
Also covering Burberry Group PLC's target, a total of 29 equity analysts have issued a ratings update on the company. The average stock price target is 1,290.43GBX with 2 brokers rating the stock a strong buy, 5 equity analysts rating the company a buy, twenty firms rating the stock a hold, three analysts rating the company a underperform, and lastly 1 broker rating the stock a sell.
General Company Details For 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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