Burberry Group plc (LON:BRBY – Get Rating)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 2,328 ($28.41) and last traded at GBX 2,323.50 ($28.35), with a volume of 492072 shares traded. The stock had previously closed at GBX 2,243 ($27.37).
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Burberry Group from GBX 1,800 ($21.96) to GBX 2,070 ($25.26) and gave the stock a “sector perform” rating in a research note on Friday, November 18th. Deutsche Bank Aktiengesellschaft lifted their price target on Burberry Group from GBX 1,950 ($23.79) to GBX 2,200 ($26.85) and gave the stock a “hold” rating in a research note on Friday, November 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 2,000 ($24.41) price target on shares of Burberry Group in a research note on Friday, September 30th. Finally, Barclays reaffirmed an “equal weight” rating and set a GBX 2,050 ($25.02) price target on shares of Burberry Group in a research note on Friday, November 18th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 2,010 ($24.53).
Burberry Group Stock Up 0.6 %
The firm’s 50 day moving average is GBX 2,115.68 and its two-hundred day moving average is GBX 1,894.42. The stock has a market cap of £8.80 billion and a price-to-earnings ratio of 2,074.77. The company has a current ratio of 2.26, a quick ratio of 1.63 and a debt-to-equity ratio of 98.82.
Burberry Group Cuts Dividend
Insider Buying and Selling at Burberry Group
In other Burberry Group news, insider Julie Brown sold 16,000 shares of Burberry Group stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of GBX 2,150 ($26.24), for a total value of £344,000 ($419,768.15).
Burberry Group Company Profile
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.
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