Burberry Group plc (BRBY) Earns “Neutral” Rating from BNP Paribas
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reiterated by analysts at BNP Paribas in a note issued to investors on Wednesday. They currently have a GBX 1,350 ($17.62) price objective on the stock. BNP Paribas’ price objective indicates a potential downside of 2.10% from the company’s previous close.
Other analysts also recently issued research reports about the company. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a GBX 1,150 ($15.01) target price on shares of Burberry Group plc in a research report on Wednesday. Barclays PLC lifted their target price on Burberry Group plc from GBX 1,220 ($15.92) to GBX 1,320 ($17.23) and gave the company an “equal weight” rating in a research report on Monday, September 5th. JPMorgan Chase & Co. lifted their target price on Burberry Group plc from GBX 1,380 ($18.01) to GBX 1,450 ($18.93) and gave the company a “neutral” rating in a research report on Monday, September 5th. Morgan Stanley lifted their target price on Burberry Group plc from GBX 1,280 ($16.71) to GBX 1,424 ($18.59) and gave the company an “equal weight” rating in a research report on Tuesday, August 30th. Finally, Beaufort Securities reaffirmed a “hold” rating on shares of Burberry Group plc in a research report on Tuesday, August 2nd. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the company. Burberry Group plc currently has a consensus rating of “Hold” and an average price target of GBX 1,363.17 ($17.79).
Shares of Burberry Group plc (LON:BRBY) opened at 1356.12 on Wednesday. The company’s market cap is GBX 5.99 billion. The firm has a 50 day moving average price of GBX 1,317.89 and a 200-day moving average price of GBX 1,243.59. Burberry Group plc has a 12 month low of GBX 1,039.00 and a 12 month high of GBX 1,512.00.
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In other news, insider Bailey,Christopher sold 18,750 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($17.65), for a total transaction of £253,500 ($330,896.75).
About Burberry Group plc
Burberry Group PLC is a United Kingdom-based manufacturer, wholesaler and retailer of luxury goods. The Company designs, produces and sells products under the Burberry brand. The Company’s product categories include women’s and men’s apparel and accessories and beauty. The Company owns distribution network consisting of: 497 directly operated stores and concessions, offline and burberry.com, a digital platform active in 11 languages, online.
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