Burberry Group plc (BRBY) Given “Neutral” Rating at BNP Paribas
Several other equities research analysts have also recently issued reports on the stock. Credit Suisse Group AG reaffirmed an underperform rating and set a GBX 1,150 ($15.01) target price on shares of Burberry Group plc in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Burberry Group plc in a research note on Tuesday, July 12th. Deutsche Bank AG lifted their target price on shares of Burberry Group plc from GBX 1,250 ($16.32) to GBX 1,350 ($17.62) and gave the stock a hold rating in a research note on Monday, July 11th. Societe Generale reaffirmed a hold rating and set a GBX 1,200 ($15.66) target price on shares of Burberry Group plc in a research note on Monday, July 11th. Finally, Citigroup Inc. reaffirmed a neutral rating on shares of Burberry Group plc in a research note on Tuesday, July 12th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 1,363.17 ($17.79).
Burberry Group plc (LON:BRBY) opened at 1412.6399 on Wednesday. The stock’s market cap is GBX 6.24 billion. The company has a 50-day moving average of GBX 1,319.61 and a 200 day moving average of GBX 1,242.96. Burberry Group plc has a 1-year low of GBX 1,039.00 and a 1-year high of GBX 1,512.00.
In other news, insider Bailey,Christopher sold 18,750 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of GBX 1,352 ($17.65), for a total value of £253,500 ($330,896.75).
Burberry Group plc Company Profile
Burberry Group PLC is a United Kingdom-based manufacturer, wholesaler and retailer of luxury goods. The Company designs, produces and sells products under the Burberry brand. The Company’s product categories include women’s and men’s apparel and accessories and beauty. The Company owns distribution network consisting of: 497 directly operated stores and concessions, offline and burberry.com, a digital platform active in 11 languages, online.
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