Burberry Group plc (BRBY) Upgraded at Societe Generale
Burberry Group plc (LON:BRBY) was upgraded by equities researchers at Societe Generale to a “hold” rating in a research report issued to clients and investors on Tuesday. The firm presently has a GBX 1,505 ($18.63) price objective on the stock, up from their previous price objective of GBX 1,300 ($16.09). Societe Generale’s target price would indicate a potential upside of 1.76% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on the stock. Deutsche Bank AG lifted their price target on shares of Burberry Group plc from GBX 1,350 ($16.71) to GBX 1,475 ($18.25) and gave the company a “hold” rating in a research note on Tuesday. Jefferies Group reaffirmed a “hold” rating and set a GBX 1,290 ($15.97) target price on shares of Burberry Group plc in a research note on Thursday, October 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,450 ($17.95) target price on shares of Burberry Group plc in a research note on Wednesday, October 5th. BNP Paribas reaffirmed a “neutral” rating and set a GBX 1,460 ($18.07) target price on shares of Burberry Group plc in a research note on Wednesday, October 5th. Finally, Barclays PLC lifted their target price on shares of Burberry Group plc from GBX 1,320 ($16.34) to GBX 1,350 ($16.71) and gave the stock an “equal weight” rating in a research note on Tuesday, October 4th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,372.27 ($16.98).
In other news, insider Bailey,Christopher sold 18,750 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of GBX 1,352 ($16.73), for a total value of £253,500 ($313,737.62).
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/burberry-group-plc-brby-upgraded-at-societe-generale.html
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.
Receive News & Ratings for Burberry Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group plc and related companies with MarketBeat.com's FREE daily email newsletter.