Burberry Group (LON:BRBY) was downgraded by research analysts at Credit Suisse Group to a “neutral” rating in a research note issued on Friday. They presently have a GBX 1,950 ($25.48) price target on the stock, down from their prior price target of GBX 2,200 ($28.75). Credit Suisse Group’s price objective would suggest a potential upside of 4.39% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on BRBY. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,970 ($25.74) target price on shares of Burberry Group in a report on Wednesday. Goldman Sachs Group cut their target price on Burberry Group from GBX 2,194 ($28.67) to GBX 2,148 ($28.07) and set a “neutral” rating on the stock in a report on Thursday, January 24th. JPMorgan Chase & Co. increased their target price on Burberry Group from GBX 1,710 ($22.34) to GBX 1,850 ($24.17) and gave the stock a “neutral” rating in a report on Thursday, October 25th. UBS Group reiterated a “neutral” rating and issued a GBX 2,000 ($26.13) target price (down from GBX 2,150 ($28.09)) on shares of Burberry Group in a report on Friday, November 9th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 2,060 ($26.92) target price on shares of Burberry Group in a report on Friday, November 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 1,943.79 ($25.40).
Burberry Group stock opened at GBX 1,868 ($24.41) on Friday. Burberry Group has a 52-week low of GBX 1,481.50 ($19.36) and a 52-week high of GBX 2,024 ($26.45).
In other Burberry Group news, insider Julie Brown sold 34,218 shares of the firm’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of GBX 1,791 ($23.40), for a total transaction of £612,844.38 ($800,789.73). Also, insider Marco Gobbetti sold 12,385 shares of the firm’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of GBX 1,756 ($22.95), for a total value of £217,480.60 ($284,176.92).
Burberry Group Company Profile
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.
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