Burberry Group (BRBY) Given “Neutral” Rating at UBS Group
UBS Group restated their neutral rating on shares of Burberry Group (LON:BRBY) in a report published on Thursday, investing.thisismoney.co.uk reports. They currently have a GBX 1,900 ($24.83) price target on the stock, down from their previous price target of GBX 2,000 ($26.13).
A number of other equities analysts have also commented on the stock. Deutsche Bank reiterated a hold rating and set a GBX 1,800 ($23.52) price target on shares of Burberry Group in a report on Monday, October 29th. Goldman Sachs Group reiterated a neutral rating and set a GBX 2,194 ($28.67) price target (down previously from GBX 2,536 ($33.14)) on shares of Burberry Group in a report on Monday, December 10th. HSBC upgraded shares of Burberry Group to a hold rating and cut their price target for the stock from GBX 2,100 ($27.44) to GBX 1,950 ($25.48) in a report on Friday, October 26th. Berenberg Bank lifted their price target on shares of Burberry Group from GBX 1,890 ($24.70) to GBX 2,270 ($29.66) and gave the stock a buy rating in a report on Tuesday, October 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Burberry Group from GBX 1,900 ($24.83) to GBX 1,820 ($23.78) and set a neutral rating on the stock in a report on Wednesday, December 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. Burberry Group has an average rating of Hold and an average price target of GBX 1,933.19 ($25.26).
Shares of LON:BRBY traded up GBX 9.50 ($0.12) during mid-day trading on Thursday, reaching GBX 1,751.50 ($22.89). 1,368,615 shares of the company’s stock were exchanged, compared to its average volume of 2,130,000. Burberry Group has a twelve month low of GBX 1,481.50 ($19.36) and a twelve month high of GBX 2,024 ($26.45).
In other news, insider Matthew Key bought 1,150 shares of the stock in a transaction that occurred on Thursday, December 6th. The stock was acquired at an average price of GBX 1,714 ($22.40) per share, with a total value of £19,711 ($25,755.91).
Burberry Group Company Profile
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.
Recommended Story: Leveraged Buyout (LBO)
Receive News & Ratings for Burberry Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group and related companies with MarketBeat.com's FREE daily email newsletter.