Burberry Group plc (BRBY) Receives Neutral Rating from BNP Paribas
BRBY has been the topic of several other reports. Credit Suisse Group AG reissued an underperform rating and set a GBX 1,150 ($15.01) price target on shares of Burberry Group plc in a report on Wednesday, September 21st. Goldman Sachs Group Inc. increased their price target on Burberry Group plc from GBX 1,310 ($17.10) to GBX 1,480 ($19.32) and gave the company a neutral rating in a report on Tuesday, September 27th. JPMorgan Chase & Co. increased their price target on Burberry Group plc from GBX 1,380 ($18.01) to GBX 1,450 ($18.93) and gave the company a neutral rating in a report on Monday, September 5th. Morgan Stanley increased their price target on Burberry Group plc from GBX 1,280 ($16.71) to GBX 1,424 ($18.59) and gave the company an equal weight rating in a report on Tuesday, August 30th. Finally, Barclays PLC increased their price target on Burberry Group plc from GBX 1,220 ($15.92) to GBX 1,320 ($17.23) and gave the company an equal weight rating in a report on Monday, September 5th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have given a buy rating to the company. Burberry Group plc currently has an average rating of Hold and an average price target of GBX 1,381.48 ($18.03).
Shares of Burberry Group plc (LON:BRBY) traded down 0.49% during trading on Wednesday, hitting GBX 1429.00. The stock had a trading volume of 1,142,361 shares. The stock’s 50-day moving average price is GBX 1,341.50 and its 200 day moving average price is GBX 1,244.86. Burberry Group plc has a 1-year low of GBX 1,039.00 and a 1-year high of GBX 1,512.00. The firm’s market capitalization is GBX 6.32 billion.
In related news, insider Bailey,Christopher sold 18,750 shares of Burberry Group plc stock in a transaction that occurred on Wednesday, August 24th. The shares were 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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