# Burberry Group plc 16.8% potential upside indicated by JP Morgan

- Link: https://www.directorstalkinterviews.com/burberry-group-plc-16.8-potential-upside-indicated-by-jp-morgan/4121163335
- Published: 2024-07-01T13:50:36+01:00
- Author: Charlotte Edwards

**[Burberry Group plc](https://www.directorstalkinterviews.com/ftse-company/burberry-group/brby.l)**
with ticker (LON:BRBY) now has a potential upside of 16.8% according to [JP Morgan](https://www.directorstalkinterviews.com/company/news/funds).

BRBY.LJP Morgan set a target price of 1,050 GBX for the company, which when compared
to the Burberry Group plc share price of 899 GBX at opening today (01/07/2024) indicates
a potential upside of 16.8%. Trading has ranged between 867 (52 week low) and 2,275(
52 week high) with an average of 2,505,108 shares exchanging hands daily. The market
capitalisation at the time of writing is £3,206,686,004.Burberry Group plc is a 
United Kingdom-based global luxury goods manufacturer, retailer, and wholesaler.
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, department stores globally and multi-brand specialty accounts. The 
flow of global product between retail and wholesale channels and across its regions
is monitored and optimized at a corporate level and implemented via the Company’s
inventory hubs situated in Europe, the United States, mainland China, Hong Kong,
and Special Administrative Regions (S.A.R.) China. The Company’s Licensing segment
includes royalties from global licensees of beauty products, eyewear and licenses
relating to the use of non-Burberry trademarks in Japan.

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