Burberry Group plc (BRBY) Earns “Hold” Rating from Jefferies Group
Burberry Group plc (LON:BRBY)‘s stock had its “hold” rating restated by equities researchers at Jefferies Group in a research note issued on Thursday. They currently have a GBX 1,290 ($16.84) price target on the stock. Jefferies Group’s target price indicates a potential downside of 11.89% from the company’s previous close.
BRBY has been the topic of a number of other research reports. Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 1,150 ($15.01) target price on shares of Burberry Group plc in a report on Wednesday, September 21st. Goldman Sachs Group Inc. boosted their price target on Burberry Group plc from GBX 1,310 ($17.10) to GBX 1,480 ($19.32) and gave the company a “neutral” rating in a research note on Tuesday, September 27th. JPMorgan Chase & Co. boosted their price target 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 note on Monday, September 5th. Morgan Stanley boosted their price target 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 note on Tuesday, August 30th. Finally, BNP Paribas reissued a “neutral” rating and issued a GBX 1,346 ($17.57) price target on shares of Burberry Group plc in a research note on Friday, July 22nd. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,381.48 ($18.03).
Shares of Burberry Group plc (LON:BRBY) traded up 2.74% during mid-day trading on Thursday, hitting GBX 1464.00. 5,944,997 shares of the company were exchanged. The stock’s market cap is GBX 6.47 billion. Burberry Group plc has a 12-month low of GBX 1,039.00 and a 12-month high of GBX 1,512.00. The stock’s 50-day moving average price is GBX 1,346.08 and its 200 day moving average price is GBX 1,247.65.
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In other news, insider Bailey,Christopher sold 18,750 shares of the 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 transaction 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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