Burberry Group plc (BRBY) Rating Reiterated by BNP Paribas
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reaffirmed by analysts at BNP Paribas in a research note issued on Wednesday. They currently have a GBX 1,350 ($17.62) price target on the stock. BNP Paribas’ target price indicates a potential downside of 3.85% from the stock’s current price.
Several other research firms have also weighed in on BRBY. Barclays PLC increased their target price on shares of Burberry Group plc from GBX 1,220 ($15.92) to GBX 1,320 ($17.23) and gave the stock an “equal weight” rating in a report on Monday, September 5th. Beaufort Securities reiterated a “hold” rating on shares of Burberry Group plc in a report on Tuesday, August 2nd. Morgan Stanley reiterated an “equal weight” rating and issued a GBX 1,280 ($16.71) target price on shares of Burberry Group plc in a report on Friday, July 8th. Credit Suisse Group AG increased their target price on shares of Burberry Group plc from GBX 1,000 ($13.05) to GBX 1,150 ($15.01) and gave the stock an “underperform” rating in a report on Tuesday, July 19th. Finally, Societe Generale reiterated a “hold” rating and issued a GBX 1,200 ($15.66) target price on shares of Burberry Group plc in a report on Wednesday, June 29th. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,363.17 ($17.79).
Burberry Group plc (LON:BRBY) opened at 1401.00 on Wednesday. Burberry Group plc has a 52-week low of GBX 1,039.00 and a 52-week high of GBX 1,512.00. The firm’s 50-day moving average is GBX 1,322.76 and its 200-day moving average is GBX 1,244.63. The firm’s market cap is GBX 6.19 billion.
In other Burberry Group plc news, insider Bailey,Christopher sold 18,750 shares of Burberry Group plc stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($17.65), for a total value of £253,500 ($330,896.75).
About Burberry Group plc
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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