Burberry Group plc’s (BRBY) Neutral Rating Reaffirmed at BNP Paribas
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reiterated by investment analysts at BNP Paribas in a report released on Monday. They presently have a GBX 1,460 ($18.07) price objective on the stock. BNP Paribas’ price target would indicate a potential downside of 4.58% from the stock’s current price.
Several other research firms have also weighed in on BRBY. Royal Bank Of Canada upgraded shares of Burberry Group plc to a “sector performer” rating and upped their price objective for the company from GBX 1,200 ($14.85) to GBX 1,400 ($17.33) in a research note on Friday, September 30th. Barclays PLC upped their price objective on shares of Burberry Group plc from GBX 1,220 ($15.10) to GBX 1,320 ($16.34) and gave the company an “equal weight” rating in a research note on Monday, September 5th. Beaufort Securities reiterated a “hold” rating on shares of Burberry Group plc in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 1,450 ($17.95) price objective on shares of Burberry Group plc in a research note on Wednesday, October 5th. Finally, Morgan Stanley restated an “equal weight” rating and set a GBX 1,280 ($15.84) price target on shares of Burberry Group plc in a research note on Friday, July 8th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have assigned a buy rating to the stock. Burberry Group plc currently has a consensus rating of “Hold” and a consensus target price of GBX 1,388.64 ($17.19).
Burberry Group plc (LON:BRBY) opened at 1525.00 on Monday. The firm’s market cap is GBX 6.74 billion. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,545.00. The firm has a 50-day moving average of GBX 1,365.57 and a 200-day moving average of GBX 1,254.48.
In other news, insider Bailey,Christopher sold 18,750 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($16.73), for a total transaction of £253,500 ($313,737.62).
About Burberry Group plc
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.
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