Burberry Group plc (BRBY) Stock Rating Reaffirmed by Credit Suisse Group AG
Burberry Group plc (LON:BRBY)‘s stock had its “underperform” rating restated by investment analysts at Credit Suisse Group AG in a research report issued on Tuesday. They presently have a GBX 1,150 ($14.02) price target on the stock. Credit Suisse Group AG’s target price suggests a potential downside of 23.94% from the stock’s previous close.
BRBY has been the subject of several other research reports. Berenberg Bank started coverage on shares of Burberry Group plc in a report on Thursday, October 13th. They issued a “buy” rating and a GBX 1,725 ($21.02) target price for the company. Liberum Capital increased their price objective on shares of Burberry Group plc from GBX 925 ($11.27) to GBX 975 ($11.88) and gave the company a “sell” rating in a report on Tuesday, July 5th. BNP Paribas reissued a “neutral” rating and set a GBX 1,346 ($16.40) price objective on shares of Burberry Group plc in a report on Thursday, June 30th. Goldman Sachs Group Inc. dropped their price objective on shares of Burberry Group plc from GBX 1,470 ($17.92) to GBX 1,267 ($15.44) and set a “neutral” rating for the company in a report on Wednesday, June 29th. Finally, Deutsche Bank AG increased their price objective on shares of Burberry Group plc from GBX 1,250 ($15.23) to GBX 1,350 ($16.45) and gave the company a “hold” rating in a report on Monday, July 11th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have issued a buy rating to the company. Burberry Group plc currently has a consensus rating of “Hold” and a consensus target price of GBX 1,388.64 ($16.92).
Burberry Group plc (LON:BRBY) traded down 7.28% during mid-day trading on Tuesday, hitting GBX 1402.00. The company had a trading volume of 5,410,873 shares. Burberry Group plc has a 1-year low of GBX 1,039.00 and a 1-year high of GBX 1,545.00. The stock’s market capitalization is GBX 6.20 billion. The stock has a 50 day moving average price of GBX 1,371.81 and a 200-day moving average price of GBX 1,254.56.
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In other Burberry Group plc news, insider Bailey,Christopher sold 18,750 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($16.48), for a total value of £253,500 ($308,957.95).
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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