Burberry Group PLC (LON:BRBY) target price raised to 1,400.00GBX, released a research note earlier today by Haitong Securities
- Updated: October 13, 2016
Haitong Securities increased the price target of Burberry Group PLC (LON:BRBY) to 1,400.00GBX indicating a possible downside of -0.09%.
Previously on Thursday October 13, 2016, Berenberg reported on Burberry Group PLC (LON:BRBY) increased the target price from 0.00GBX to 1,725.00GBX. At the time, this indicated a possible upside of 0.13%.
Yesterday Burberry Group PLC (LON:BRBY) traded 2.40% higher at 1,540.00GBX. The company’s 50-day moving average is 1,360.78GBX and its 200-day moving average is 1,252.56GBX. The last closing price is up 22.63% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 566,245 shares of the stock were exchanged, down from an average trading volume of 2,280,640
With a total market value of 0 GBX, Burberry Group PLC has PE ratio of 22.13 with a one year low of 1,039.00GBX and a 52 week high of 1,542.00GBX .
In addition to Haitong Securities reporting its target price, a total of 29 firms have issued a report on the stock. The consensus target price is 1,290.43GBX with 2 firms rating the stock a strong buy, 5 firms rating the stock a buy, 20 firms rating the stock a hold, 3 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
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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