Burberry Group plc’s (BRBY) “Neutral” Rating Reaffirmed at BNP Paribas
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reissued by stock analysts at BNP Paribas in a research note issued on Wednesday. They currently have a GBX 1,350 ($17.62) target price on the stock. BNP Paribas’ target price points to a potential downside of 1.32% from the stock’s current price.
A number of other brokerages have also commented on BRBY. Credit Suisse Group AG restated an “underperform” rating and set a GBX 1,150 ($15.01) price objective on shares of Burberry Group plc in a research report on Wednesday. Barclays PLC raised their price target on Burberry Group plc from GBX 1,220 ($15.92) to GBX 1,320 ($17.23) and gave the stock an “equal weight” rating in a research note on Monday, September 5th. JPMorgan Chase & Co. raised their price target on Burberry Group plc from GBX 1,380 ($18.01) to GBX 1,450 ($18.93) and gave the stock a “neutral” rating in a research note on Monday, September 5th. Morgan Stanley raised their price target on Burberry Group plc from GBX 1,280 ($16.71) to GBX 1,424 ($18.59) and gave the stock an “equal weight” rating in a research note on Tuesday, August 30th. Finally, Beaufort Securities reaffirmed a “hold” rating on shares of Burberry Group plc in a research note on Tuesday, August 2nd. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the stock. Burberry Group plc has a consensus rating of “Hold” and an average price target of GBX 1,363.17 ($17.79).
Burberry Group plc (LON:BRBY) traded down 0.80% during mid-day trading on Wednesday, reaching GBX 1368.00. 3,493,288 shares of the company were exchanged. The stock’s 50-day moving average is GBX 1,319.61 and its 200-day moving average is GBX 1,242.96. The company’s market cap is GBX 6.05 billion. 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 related news, insider Bailey,Christopher sold 18,750 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of GBX 1,352 ($17.65), for a total value of £253,500 ($330,896.75).
Burberry Group plc Company Profile
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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