Mulberry Group PLC -17.1% potential downside indicated by Barclays

Mulberry Group PLC with ticker (LON:MUL) now has a potential downside of -17.1% according to Barclays.



Barclays set a target price of 315 GBX for the company, which when compared to the Mulberry Group PLC share price of 369 GBX at opening today (25/11/2021) indicates a potential downside of -17.1%. Trading has ranged between 191 (52 week low) and 420 (52 week high) with an average of 5,423 shares exchanging hands daily. The market capitalisation at the time of writing is £220,484,241.

Mulberry Group plc is engaged in the sourcing, designing and manufacturing of leather goods, including bag ranges and other lifestyle accessories. The Company designs, manufactures and manages the Mulberry brand. Its product categories include leather goods, shoes, soft accessories and women ready-to-wear. Its services include delivery, care and repairs, gift wrapping, gifts, virtual appointments and Mulberry exchange. The Company sells directly to consumers around 190 countries through its integrated digital channels and store network. In other territories, the Company work with selected local partners to deliver its products. The Company has distribution centers in the United Kingdom, Europe, North America and Asia. Its subsidiaries include Mulberry Company (Design) Limited, Mulberry Company (France) SARL, Mulberry Company (Sales) Limited, Mulberry Company (Europe) Limited, Mulberry Group Holding Company Limited and Mulberry Trading Holding Company Limited, among others.