Burberry Group plc (BRBY) Rating Reiterated by Jefferies Group
Burberry Group plc (LON:BRBY)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Group in a research report issued on Wednesday. They currently have a GBX 1,290 ($15.72) price target on the stock. Jefferies Group’s price objective would indicate a potential downside of 8.05% from the company’s current price.
Other analysts also recently issued reports about the company. Berenberg Bank started coverage on Burberry Group plc in a research report on Thursday, October 13th. They set a “buy” rating and a GBX 1,725 ($21.02) target price on the stock. Morgan Stanley reiterated an “equal weight” rating and set a GBX 1,280 ($15.60) target price on shares of Burberry Group plc in a research report on Friday, July 8th. Barclays PLC reiterated an “equal weight” rating and set a GBX 1,220 ($14.87) target price on shares of Burberry Group plc in a research report on Thursday, July 14th. Deutsche Bank AG boosted their target price on Burberry Group plc from GBX 1,250 ($15.23) to GBX 1,350 ($16.45) and gave the stock a “hold” rating in a research report on Monday, July 11th. Finally, Societe Generale reiterated a “hold” rating and set a GBX 1,200 ($14.63) target price on shares of Burberry Group plc in a research report on Monday, July 11th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,386.96 ($16.90).
Burberry Group plc (LON:BRBY) opened at 1438.00 on Wednesday. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,545.00. The company’s 50-day moving average price is GBX 1,372.65 and its 200-day moving average price is GBX 1,254.83. The stock’s market capitalization is GBX 6.36 billion.
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In related news, insider Bailey,Christopher sold 18,750 shares of the stock in a transaction dated Wednesday, August 24th. The stock was 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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