Burberry Group plc (BRBY) Receives Hold Rating from Jefferies Group
Burberry Group plc (LON:BRBY)‘s stock had its “hold” rating reissued by analysts at Jefferies Group in a research report issued to clients and investors on Wednesday. They currently have a GBX 1,290 ($15.72) price target on the stock. Jefferies Group’s price objective points to a potential downside of 8.05% from the stock’s previous close.
A number of other research firms have also recently issued reports on BRBY. BNP Paribas reiterated a “neutral” rating and set a GBX 1,460 ($17.79) price objective on shares of Burberry Group plc in a research report on Monday. Berenberg Bank started coverage on shares of Burberry Group plc in a research report on Thursday, October 13th. They issued a “buy” rating and a GBX 1,725 ($21.02) price target for the company. Credit Suisse Group AG restated an “underperform” rating and issued a GBX 1,150 ($14.02) price target on shares of Burberry Group plc in a research report on Tuesday. Haitong Bank upped their price target on shares of Burberry Group plc from GBX 1,265 ($15.42) to GBX 1,400 ($17.06) and gave the company a “neutral” rating in a research report on Friday, October 14th. Finally, Deutsche Bank AG upped their price target on shares of Burberry Group plc from GBX 1,350 ($16.45) to GBX 1,475 ($17.98) and gave the company a “hold” rating in a research report on Tuesday, October 11th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have given a buy rating to the stock. Burberry Group plc has a consensus rating of “Hold” and a consensus target price of GBX 1,386.96 ($16.90).
Shares of Burberry Group plc (LON:BRBY) opened at 1435.00 on Wednesday. The company’s market capitalization is GBX 6.34 billion. The company has a 50-day moving average of GBX 1,372.65 and a 200 day moving average of GBX 1,254.83. Burberry Group plc has a 52-week low of GBX 1,039.00 and a 52-week high of GBX 1,545.00.
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 http://www.americanbankingnews.com/2016/10/19/burberry-group-plc-brby-receives-hold-rating-from-jefferies-group.html
In related news, insider Bailey,Christopher sold 18,750 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($16.48), for a total transaction 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.
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.