Burberry Group plc (BRBY) Rating Reiterated by Jefferies Group
Burberry Group plc (LON:BRBY)‘s stock had its “hold” rating restated by stock analysts at Jefferies Group in a research note issued to investors on Thursday. They presently have a GBX 1,290 ($16.84) price target on the stock. Jefferies Group’s price objective points to a potential downside of 10.17% from the company’s current price.
Several other analysts also recently commented on BRBY. Liberum Capital increased their target price on Burberry Group plc from GBX 925 ($12.07) to GBX 975 ($12.73) and gave the company a “sell” rating in a research note on Tuesday, July 5th. BNP Paribas reiterated a “neutral” rating and set a GBX 1,325 ($17.30) target price on shares of Burberry Group plc in a research note on Wednesday, June 15th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Burberry Group plc in a research note on Tuesday, July 12th. Haitong Bank reiterated a “neutral” rating and set a GBX 1,265 ($16.51) target price on shares of Burberry Group plc in a research note on Thursday, July 14th. Finally, Societe Generale restated a “hold” rating and issued a GBX 1,200 ($15.66) price target on shares of Burberry Group plc in a research note on Friday, June 17th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,381.48 ($18.03).
Shares of Burberry Group plc (LON:BRBY) opened at 1436.00 on Thursday. The company’s market capitalization is GBX 6.35 billion. The firm has a 50 day moving average price of GBX 1,341.50 and a 200 day moving average price of GBX 1,244.86. Burberry Group plc has a 52 week low of GBX 1,039.00 and a 52 week high of GBX 1,512.00.
In other Burberry Group plc news, insider Bailey,Christopher sold 18,750 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of GBX 1,352 ($17.65), for a total transaction of £253,500 ($330,896.75).
About Burberry Group plc
Burberry Group PLC is a United Kingdom-based manufacturer, wholesaler and retailer of luxury goods. The Company designs, produces and sells products under the Burberry brand. The Company’s product categories include women’s and men’s apparel and accessories and beauty. The Company owns distribution network consisting of: 497 directly operated stores and concessions, offline and burberry.com, a digital platform active in 11 languages, online.
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