BNP Paribas Reiterates “Neutral” Rating for Burberry Group plc (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reissued by equities researchers at BNP Paribas in a research report issued on Wednesday. They currently have a GBX 1,460 ($19.06) price target on the stock. BNP Paribas’ price target suggests a potential downside of 0.27% from the stock’s current price.
BRBY has been the topic of several other research reports. Credit Suisse Group AG reiterated 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, September 21st. Goldman Sachs Group Inc. increased their price objective on Burberry Group plc from GBX 1,310 ($17.10) to GBX 1,480 ($19.32) and gave the stock a “neutral” rating in a research report on Tuesday, September 27th. JPMorgan Chase & Co. increased their price objective 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 report 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 report on Tuesday, August 30th. Finally, 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 report on Monday, September 5th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,357.27 ($17.72).
Shares of Burberry Group plc (LON:BRBY) traded up 2.74% during mid-day trading on Wednesday, reaching GBX 1464.00. The company’s stock had a trading volume of 5,944,997 shares. The firm’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 company has a 50-day moving average of GBX 1,345.38 and a 200-day moving average of GBX 1,248.15.
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In other Burberry Group plc news, insider Bailey,Christopher sold 18,750 shares of Burberry Group plc stock in a transaction that occurred 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).
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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