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Burberry Group PLC (LON:BRBY) target price raised to 1,450.00GBX, reported today by Barclays Capital

Only yesterday Burberry Group PLC (LON:BRBY) traded -7.21% lower at 1,425.00GBX. The company’s 50-day moving average is 1,372.65GBX and its 200-day moving average is 1,254.83GBX. With the last stock price close up 11.81% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 8,168,074 shares of BRBY traded hands, up from an average trading volume of 2,267,470

Burberry Group PLC (LON:BRBY) had its target price raised to 1,450.00GBX by Barclays Capital in a report released Wednesday October 19, 2016. The new target price indicates a possible upside of 0.02% based on the company's last stock close price.

Previously on 10/17/2016, Exane BNP Paribas reported about Burberry Group PLC (LON:BRBY) held steady the target price at 1,460.00GBX. At the time, this indicated a possible downside of -0.04%.

Recent Performance Chart

Burberry Group PLC (LON:BRBY)

Burberry Group PLC has 52 week low of 1,039.00GBX and a 52 week high of 1,545.00GBX with a PE ratio of 20.22 and has a market capitalization of 0 GBX.

In addition to Barclays Capital reporting its stock price target, a total of 29 brokerages have issued a research note on the company. The average stock price target is 1,290.43GBX with 2 brokerages rating the stock a strong buy, 5 brokerages rating the stock a buy, 20 brokerages rating the stock a hold, 3 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On 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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