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.

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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.

Analyst Recommendations for Burberry Group plc (LON:BRBY)

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