Burberry Group plc (BRBY) Stock Rating Reaffirmed by Bryan, Garnier & Co
Burberry Group plc (LON:BRBY)‘s stock had its “sell” rating reissued by analysts at Bryan, Garnier & Co in a research report issued to clients and investors on Monday.
BRBY has been the topic of a number of other research reports. Royal Bank Of Canada restated an “underperform” rating and issued a GBX 1,530 ($19.76) target price on shares of Burberry Group plc in a report on Friday, June 30th. HSBC Holdings plc restated a “reduce” rating and issued a GBX 1,580 ($20.41) target price on shares of Burberry Group plc in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 1,700 ($21.96) target price on shares of Burberry Group plc in a report on Monday, July 24th. BNP Paribas restated a “neutral” rating and issued a GBX 1,650 ($21.31) target price on shares of Burberry Group plc in a report on Thursday, July 20th. Finally, Beaufort Securities restated a “buy” rating and issued a GBX 1,920 ($24.80) target price on shares of Burberry Group plc in a report on Thursday, July 13th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 1,701.21 ($21.97).
Burberry Group plc (BRBY) opened at 1754.00 on Monday. Burberry Group plc has a 52-week low of GBX 1,236.00 and a 52-week high of GBX 1,879.00. The firm’s 50 day moving average price is GBX 1,762.94 and its 200 day moving average price is GBX 1,722.55. The firm’s market cap is GBX 7.63 billion.
In other Burberry Group plc news, insider Christopher Bailey sold 174,050 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of GBX 1,797 ($23.21), for a total value of £3,127,678.50 ($4,039,362.65).
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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