Berenberg Bank Reaffirms Buy Rating for Burberry Group plc (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 1,900 ($24.98) price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 0.42% from the company’s current price.
A number of other brokerages also recently commented on BRBY. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 1,700 ($22.35) price objective on shares of Burberry Group plc in a research report on Monday, July 24th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Burberry Group plc in a research report on Friday, July 21st. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 1,900 ($24.98) price objective on shares of Burberry Group plc in a research report on Thursday, June 29th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 1,650 ($21.69) price objective on shares of Burberry Group plc in a research report on Thursday, July 20th. Finally, HSBC Holdings plc reaffirmed a “reduce” rating and issued a GBX 1,580 ($20.77) price objective on shares of Burberry Group plc in a research report on Thursday, June 22nd. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,719.55 ($22.61).
Burberry Group plc (LON BRBY) traded down 0.21% during trading on Thursday, hitting GBX 1892.00. The stock had a trading volume of 1,241,516 shares. The firm’s market cap is GBX 8.08 billion. Burberry Group plc has a one year low of GBX 1,360.00 and a one year high of GBX 1,908.00. The stock’s 50-day moving average is GBX 1,785.91 and its 200 day moving average is GBX 1,726.57.
WARNING: This report was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/10/15/berenberg-bank-reaffirms-buy-rating-for-burberry-group-plc-brby.html.
In related news, insider Christopher Bailey sold 174,050 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of GBX 1,797 ($23.63), for a total value of £3,127,678.50 ($4,112,120.04).
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.