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Burberry Group PLC (LON:BRBY) target price raised to 1,475.00GBX, reported today by Deutsche Bank

Burberry Group PLC (LON:BRBY) had its target price raised to 1,475.00GBX by Deutsche Bank in a report released 10/11/2016. The new target price indicates a possible downside of -0.02% based on the company's last stock close price.

Previously on Thursday October 06, 2016, Jefferies International reported about Burberry Group PLC (LON:BRBY) held steady the target price at 1,290.00GBX. At the time, this indicated a possible downside of -0.07%.

Yesterday Burberry Group PLC (LON:BRBY) traded 2.30% higher at 1,512.50GBX. The company’s 50-day moving average is 1,348.06GBX and its 200-day moving average is 1,247.58GBX. The last stock close price is up 21.27% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 582,665 shares of the stock were exchanged, down from an average trading volume of 2,289,940

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Burberry Group PLC (LON:BRBY)

Burberry Group PLC has a 52 week low of 1,039.00GBX and a 52 week high of 1,525.00GBX with a P/E ratio of 21.80 The company’s market cap is currently 0 GBX.

In addition to Deutsche Bank 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.

General Information 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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