Burberry Group plc (BRBY) Receives Consensus Rating of “Hold” from Brokerages
Burberry Group plc (LON:BRBY) has earned an average recommendation of “Hold” from the nineteen analysts that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 1,720.72 ($22.22).
BRBY has been the topic of a number of analyst reports. Liberum Capital reissued a “sell” rating and issued a GBX 1,350 ($17.44) price target on shares of Burberry Group plc in a research report on Thursday, May 25th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 1,600 ($20.66) price target on shares of Burberry Group plc in a research report on Friday, June 30th. Societe Generale boosted their price target on Burberry Group plc from GBX 1,715 ($22.15) to GBX 1,890 ($24.41) and gave the stock a “hold” rating in a research report on Monday, September 4th. HSBC Holdings plc reissued a “reduce” rating and issued a GBX 1,580 ($20.41) price target on shares of Burberry Group plc in a research report on Thursday, June 22nd. Finally, Deutsche Bank AG reissued a “hold” rating and issued a GBX 1,650 ($21.31) price target on shares of Burberry Group plc in a research report on Thursday, July 13th.
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In other Burberry Group plc news, insider Christopher Bailey sold 174,050 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of GBX 1,797 ($23.21), for a total transaction of £3,127,678.50 ($4,039,362.65).
Burberry Group plc (BRBY) traded up 0.51% on Friday, reaching GBX 1772.00. The company’s stock had a trading volume of 1,522,673 shares. The company has a 50-day moving average price of GBX 1,752.81 and a 200 day moving average price of GBX 1,719.66. Burberry Group plc has a 12 month low of GBX 1,228.00 and a 12 month high of GBX 1,879.00. The company’s market cap is GBX 7.71 billion.
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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