Burberry Group plc (BRBY) Receives Average Recommendation of “Hold” from Brokerages
Burberry Group plc (LON:BRBY) has been given a consensus recommendation of “Hold” by the twenty research firms that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,737.68 ($23.05).
BRBY has been the subject of several research reports. Citigroup Inc. reiterated a “neutral” rating and issued a GBX 1,760 ($23.35) price target on shares of Burberry Group plc in a research note on Wednesday, June 28th. Deutsche Bank AG upped their price objective on shares of Burberry Group plc from GBX 1,650 ($21.89) to GBX 1,775 ($23.54) and gave the stock a “hold” rating in a report on Wednesday, September 27th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Burberry Group plc in a research note on Friday, July 21st. BNP Paribas reiterated a “neutral” rating and set a GBX 1,650 ($21.89) target price on shares of Burberry Group plc in a report on Thursday, July 13th. Finally, Liberum Capital reissued a “sell” rating and issued a GBX 1,350 ($17.91) price target on shares of Burberry Group plc in a research report on Friday, August 25th.
In other news, insider Christopher Bailey sold 174,050 shares of Burberry Group plc stock in a transaction on Monday, August 7th. The shares were sold at an average price of GBX 1,797 ($23.84), for a total transaction of £3,127,678.50 ($4,148,664.94).
Burberry Group plc (LON:BRBY) traded down 0.83% during trading on Wednesday, reaching GBX 1784.00. The company’s stock had a trading volume of 974,177 shares. The company has a 50-day moving average of GBX 1,771.11 and a 200 day moving average of GBX 1,722.54. Burberry Group plc has a one year low of GBX 1,360.00 and a one year high of GBX 1,879.00. The firm’s market cap is GBX 7.76 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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