BNP Paribas Raises Burberry Group (BRBY) Price Target to GBX 1,950
Burberry Group (LON:BRBY) had its price target increased by BNP Paribas from GBX 1,800 ($22.96) to GBX 1,950 ($24.88) in a research report report published on Friday morning. BNP Paribas currently has a neutral rating on the stock.
BRBY has been the subject of several other reports. UBS Group raised their target price on Burberry Group from GBX 1,790 ($22.83) to GBX 1,900 ($24.24) and gave the company a neutral rating in a research note on Thursday, May 17th. Deutsche Bank raised their target price on Burberry Group from GBX 1,625 ($20.73) to GBX 1,725 ($22.01) and gave the company a hold rating in a research note on Thursday, May 17th. Societe Generale raised their target price on Burberry Group from GBX 1,920 ($24.49) to GBX 2,500 ($31.89) and gave the company a buy rating in a research note on Wednesday, July 18th. Berenberg Bank restated a buy rating and set a GBX 2,100 ($26.79) target price on shares of Burberry Group in a research note on Tuesday, June 12th. Finally, Royal Bank of Canada raised their target price on Burberry Group from GBX 1,600 ($20.41) to GBX 1,750 ($22.32) and gave the company an underperform rating in a research note on Tuesday, May 22nd. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 1,873.65 ($23.90).
Shares of Burberry Group stock opened at GBX 2,250 ($28.70) on Friday. Burberry Group has a 1-year low of GBX 1,481.50 ($18.90) and a 1-year high of GBX 2,024 ($25.82).
In other news, insider Julie Brown purchased 8,543 shares of the firm’s stock in a transaction that occurred on Friday, July 13th. The stock was acquired at an average cost of GBX 2,102 ($26.81) per share, for a total transaction of £179,573.86 ($229,077.51). Also, insider Gerry M. Murphy purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 22nd. The stock was purchased at an average price of GBX 2,157 ($27.52) per share, with a total value of £107,850 ($137,581.32). Insiders purchased 73,923 shares of company stock valued at $149,615,926 over the last quarter.
About Burberry Group
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.
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