Burberry Group plc (BRBY) Rating Reiterated by Barclays PLC
Barclays PLC reaffirmed their overweight rating on shares of Burberry Group plc (LON:BRBY) in a research report released on Thursday morning. They currently have a GBX 1,900 ($25.20) price target on the stock.
A number of other research analysts also recently weighed in on BRBY. BNP Paribas reissued a neutral rating and set a GBX 1,650 ($21.89) target price on shares of Burberry Group plc in a research report on Tuesday, August 8th. Deutsche Bank AG increased their target price on shares of Burberry Group plc from GBX 1,650 ($21.89) to GBX 1,775 ($23.54) and gave the company a hold rating in a research report on Wednesday, September 27th. HSBC Holdings plc increased their target price on shares of Burberry Group plc from GBX 1,580 ($20.96) to GBX 1,680 ($22.28) and gave the company a reduce rating in a research report on Monday, October 2nd. Royal Bank Of Canada increased their target price on shares of Burberry Group plc from GBX 1,550 ($20.56) to GBX 1,600 ($21.22) and gave the company an underperform rating in a research report on Tuesday, October 3rd. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 1,350 ($17.91) price objective on shares of Burberry Group plc in a report on Friday, August 25th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of GBX 1,718.30 ($22.79).
Shares of Burberry Group plc (LON:BRBY) opened at 1801.00 on Thursday. The stock’s 50 day moving average price is GBX 1,773.16 and its 200-day moving average price is GBX 1,723.51. The company’s market cap is GBX 7.83 billion. Burberry Group plc has a one year low of GBX 1,360.00 and a one year high of GBX 1,879.00.
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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 shares were sold at an average price of GBX 1,797 ($23.84), for a total value of £3,127,678.50 ($4,148,664.94).
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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