Burberry Group plc (BRBY) Rating Reiterated by Jefferies Group
Burberry Group plc (LON:BRBY)‘s stock had its “hold” rating restated by stock analysts at Jefferies Group in a research report issued on Thursday. They presently have a GBX 1,290 ($16.84) price target on the stock. Jefferies Group’s price target would suggest a potential downside of 10.17% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,450 ($18.93) price objective on shares of Burberry Group plc in a research report on Wednesday. BNP Paribas reiterated a “neutral” rating and set a GBX 1,460 ($19.06) price target on shares of Burberry Group plc in a research note on Wednesday. Barclays PLC lifted their price target on shares of Burberry Group plc from GBX 1,320 ($17.23) to GBX 1,350 ($17.62) and gave the stock an “equal weight” rating in a research note on Tuesday. Royal Bank Of Canada upgraded shares of Burberry Group plc to a “sector performer” rating and lifted their price target for the stock from GBX 1,200 ($15.66) to GBX 1,400 ($18.27) in a research note on Friday, September 30th. Finally, Goldman Sachs Group Inc. lifted their price target on shares of Burberry Group plc from GBX 1,310 ($17.10) to GBX 1,480 ($19.32) and gave the stock a “neutral” rating in a research note on Tuesday, September 27th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,381.48 ($18.03).
Shares of Burberry Group plc (LON:BRBY) opened at 1436.00 on Thursday. The stock’s market capitalization is GBX 6.35 billion. The firm has a 50-day moving average of GBX 1,341.50 and a 200 day moving average of GBX 1,244.86. Burberry Group plc has a 12-month low of GBX 1,039.00 and a 12-month high of GBX 1,512.00.
In other news, insider Bailey,Christopher sold 18,750 shares of the business’s stock in a transaction that occurred on 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).
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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