Burberry Group plc (BRBY) Given “Neutral” Rating at BNP Paribas
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reissued by equities researchers at BNP Paribas in a note issued to investors on Thursday. They currently have a GBX 1,650 ($21.55) target price on the stock. BNP Paribas’ price target points to a potential upside of 0.24% from the stock’s current price.
A number of other research firms also recently commented on BRBY. HSBC Holdings plc downgraded shares of Burberry Group plc to a “reduce” rating and decreased their price objective for the stock from GBX 1,630 ($21.28) to GBX 1,580 ($20.63) in a report on Tuesday, June 6th. Deutsche Bank AG lifted their price objective on shares of Burberry Group plc from GBX 1,525 ($19.91) to GBX 1,650 ($21.55) and gave the stock a “hold” rating in a report on Wednesday, April 12th. Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 1,760 ($22.98) price objective on shares of Burberry Group plc in a report on Wednesday, June 28th. Bryan, Garnier & Co reaffirmed a “sell” rating and issued a GBX 1,350 ($17.63) price objective on shares of Burberry Group plc in a report on Thursday, April 13th. Finally, Societe Generale lifted their price objective on shares of Burberry Group plc from GBX 1,615 ($21.09) to GBX 1,760 ($22.98) and gave the stock a “hold” rating in a report on Tuesday, April 18th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 1,647.35 ($21.51).
Burberry Group plc (LON BRBY) traded up 0.55% during mid-day trading on Thursday, reaching GBX 1655.00. 1,150,995 shares of the company traded hands. The firm’s 50-day moving average is GBX 1,704.87 and its 200 day moving average is GBX 1,682.05. The stock’s market capitalization is GBX 7.20 billion. Burberry Group plc has a 52-week low of GBX 1,228.00 and a 52-week high of GBX 1,879.00.
In related news, insider Julie Brown acquired 9,621 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average cost of GBX 1,725 ($22.53) per share, for a total transaction of £165,962.25 ($216,717.48).
About Burberry Group plc
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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