Today analysts at Bryan Garnier reiterated Burberry Group PLC’s (LON:BRBY) shares as ‘Neutral’ in a report released to investors.
According to Bryan Garniers price target of 1250 on the company’s stock this indicates the broker now believes there is a decrease of -14.5% from Burberry Group PLC’s current price of 1462.
In the last year Burberry Group PLC’s stock price has increased by 19.48% from 1223.65 to 1462.
The number of Burberry Group PLC shares in issue is 441,937,000 which have a current share price of 1462 bringing Burberry Group PLC’s market capitalisation to 6.46B GBp.
The 52 week high of shares in Burberry Group PLC is 1545 while the 52 week low for the company’s shares is 1039. The businesses 50 day moving average is 1372.65 and its 200 day moving average is 1254.83.
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.