Burberry Group plc (LON:BRBY) Stock Rating Reaffirmed by Credit Suisse Group
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reissued by stock analysts at Credit Suisse Group in a report released on Friday.
BRBY has been the subject of a number of other reports. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 1,530 ($19.98) price objective on shares of Burberry Group plc in a research note on Friday, June 30th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 1,350 ($17.63) price objective on shares of Burberry Group plc in a research note on Wednesday, April 19th. Deutsche Bank AG dropped their price objective on Burberry Group plc from GBX 1,650 ($21.55) to GBX 1,600 ($20.89) and set a “hold” rating for the company in a research note on Thursday, April 20th. 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 research note on Thursday, April 13th. Finally, Beaufort Securities reaffirmed a “buy” rating and issued a GBX 1,920 ($25.07) price objective on shares of Burberry Group plc in a research note on Thursday, April 20th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,647.35 ($21.51).
Shares of Burberry Group plc (LON BRBY) opened at 1643.00 on Friday. The stock’s market capitalization is GBX 7.15 billion. Burberry Group plc has a one year low of GBX 1,228.00 and a one year high of GBX 1,879.00. The firm has a 50 day moving average price of GBX 1,698.87 and a 200 day moving average price of GBX 1,681.59.
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In other news, insider Julie Brown bought 9,621 shares of Burberry Group plc stock in a transaction dated Friday, May 19th. The stock was acquired at an average cost of GBX 1,725 ($22.53) per share, with a total value 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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