Burberry Group plc (BRBY) Receives Underperform Rating from Credit Suisse Group AG
Credit Suisse Group AG reissued their underperform rating on shares of Burberry Group plc (LON:BRBY) in a report published on Wednesday morning. The brokerage currently has a GBX 1,150 ($15.01) target price on the stock.
A number of other analysts also recently issued reports on the company. Barclays PLC lifted their target price on Burberry Group plc from GBX 1,220 ($15.92) to GBX 1,320 ($17.23) and gave the company an equal weight rating in a research report on Monday, September 5th. JPMorgan Chase & Co. lifted their target price on Burberry Group plc from GBX 1,380 ($18.01) to GBX 1,450 ($18.93) and gave the company a neutral rating in a research report on Monday, September 5th. Morgan Stanley lifted their target price on Burberry Group plc from GBX 1,280 ($16.71) to GBX 1,424 ($18.59) and gave the company an equal weight rating in a research report on Tuesday, August 30th. BNP Paribas reaffirmed a neutral rating and issued a GBX 1,350 ($17.62) target price on shares of Burberry Group plc in a research report on Wednesday, August 10th. Finally, Beaufort Securities reaffirmed a hold rating on shares of Burberry Group plc in a research report on Tuesday, August 2nd. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the company’s stock. Burberry Group plc presently has a consensus 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. Burberry Group plc has a one year low of GBX 1,039.00 and a one year high of GBX 1,512.00. The stock has a 50 day moving average price of GBX 1,319.61 and a 200-day moving average price of GBX 1,242.96. The firm’s market capitalization is GBX 6.24 billion.
In other news, insider Bailey,Christopher sold 18,750 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($17.65), for a total transaction 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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