Burberry Group plc (LON:BRBY) insider Julie Brown sold 18,420 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of GBX 1,570 ($22.01), for a total transaction of £289,194 ($405,487.94).
Shares of Burberry Group plc (LON:BRBY) traded down GBX 23.50 ($0.33) during midday trading on Thursday, reaching GBX 1,546.50 ($21.68). 2,190,000 shares of the company’s stock traded hands, compared to its average volume of 1,990,000. Burberry Group plc has a twelve month low of GBX 1,481.50 ($20.77) and a twelve month high of GBX 2,024 ($28.38). The firm has a market cap of $6,470.00 and a PE ratio of 2,209.29.
Several equities analysts have commented on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 1,900 ($26.64) price objective on shares of Burberry Group in a research report on Thursday, October 12th. Deutsche Bank raised their target price on shares of Burberry Group from GBX 1,775 ($24.89) to GBX 1,800 ($25.24) and gave the stock a “hold” rating in a report on Thursday, October 12th. JPMorgan Chase & Co. raised their price target on shares of Burberry Group from GBX 1,620 ($22.71) to GBX 1,800 ($25.24) and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Kepler Capital Markets reaffirmed a “hold” rating and issued a GBX 1,820 ($25.52) price target on shares of Burberry Group in a research note on Wednesday, November 1st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Burberry Group in a research note on Friday, November 10th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,711.50 ($24.00).
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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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