On Wednesday JP Morgan reiterated its broker consensus on shares of Burberry Group PLC (LON:BRBY) giving the company a ‘Neutral’ rating.
JP Morgan gave shares of Burberry Group PLC a price target of 1450 indicating a potential decrease of -0.82% from Burberry Group PLC’s current price of 1462.
In the prior 12 months Burberry Group PLC’s stock price has increased by 19.48% from 1223.65 to 1462.
Burberry Group PLC has 441,937,000 shares in issue which have a share price of 1462 giving Burberry Group PLC a market capitalisation of 6.46B GBp .
The 52 week high of Burberry Group PLC’s shares is 1545 whilst the 52 week low for the company’s shares is 1039. The 50 day moving average of LON:BRBY is 1372.65 and the 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.