A statement released earlier today by RBC Capital Markets about Burberry Group PLC (LON:BRBY) bumps the target price to 1,400.00GBX
- Updated: October 1, 2016
RBC Capital Markets bumped up the target of Burberry Group PLC (LON:BRBY) to 1,400.00GBX stating a potential upside of 0.02%.
On Tuesday September 27, 2016, Goldman Sachs released a statement for Burberry Group PLC (LON:BRBY) bumped up the target price from 1,310.00GBX to 1,480.00GBX that suggested an upside of 0.05%.
Boasting a price of 1,374.00GBX, Burberry Group PLC (LON:BRBY) traded 1.92% higher on the day. With the last stock price close up 10.70% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Burberry Group PLC has recorded a 50-day average of 1,335.57GBX and a two hundred day average of 1,245.76GBX. Volume of trade was up over the average, with 3,534,624 shares of BRBY changing hands over the typical 2,181,310
With a market capitalization of 0 GBX, Burberry Group PLC has price-earnings ratio of 19.87 with a one year low of 1,039.00GBX and a one year high of 1,512.00GBX .
A total of 29 analysts have released a research note on Burberry Group PLC. Two analysts rating the company a strong buy, five analysts rating the company a buy, twenty analysts rating the company a hold, three analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of 1,290.43GBX.
More 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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