Burberry Group plc’s (BRBY) Neutral Rating Reaffirmed at BNP Paribas
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reiterated by equities researchers at BNP Paribas in a research note issued on Monday. They presently have a GBX 1,460 ($18.07) target price on the stock. BNP Paribas’ price objective would suggest a potential downside of 4.58% from the company’s previous close.
BRBY has been the topic of several other reports. Berenberg Bank began coverage on shares of Burberry Group plc in a report on Thursday. They issued a “buy” rating and a GBX 1,725 ($21.35) price objective on the stock. Liberum Capital upped their price objective on shares of Burberry Group plc from GBX 925 ($11.45) to GBX 975 ($12.07) and gave the company a “sell” rating in a report on Tuesday, July 5th. Goldman Sachs Group Inc. decreased their price objective on shares of Burberry Group plc from GBX 1,470 ($18.19) to GBX 1,267 ($15.68) and set a “neutral” rating on the stock in a report on Wednesday, June 29th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Burberry Group plc in a report on Tuesday, July 12th. Finally, Deutsche Bank AG upped their price objective on shares of Burberry Group plc from GBX 1,250 ($15.47) to GBX 1,350 ($16.71) and gave the company a “hold” rating in a report on Monday, July 11th. Three 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 company. Burberry Group plc presently has a consensus rating of “Hold” and a consensus target price of GBX 1,388.64 ($17.19).
Shares of Burberry Group plc (LON:BRBY) opened at 1525.00 on Monday. The company’s 50 day moving average is GBX 1,365.57 and its 200-day moving average is GBX 1,254.48. The firm’s market cap is GBX 6.74 billion. Burberry Group plc has a 12 month low of GBX 1,039.00 and a 12 month high of GBX 1,545.00.
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In other Burberry Group plc news, insider Bailey,Christopher sold 18,750 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($16.73), for a total transaction of £253,500 ($313,737.62).
Burberry Group plc Company Profile
Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company’s segments include retail/wholesale and licensing. The Retail/wholesale segment is engaged in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce, as well as Burberry franchisees, prestige department stores globally and multi-brand specialty accounts.
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