Burberry Group plc (BRBY) Receives Neutral Rating from BNP Paribas
BNP Paribas reiterated their neutral rating on shares of Burberry Group plc (LON:BRBY) in a research note published on Wednesday. BNP Paribas currently has a GBX 1,460 ($19.06) price target on the stock.
Several other brokerages have also commented on BRBY. Goldman Sachs Group Inc. upped their price objective 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 report on Tuesday, September 27th. Barclays PLC upped their price objective 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 report on Tuesday. Credit Suisse Group AG restated an underperform rating and issued a GBX 1,150 ($15.01) price objective on shares of Burberry Group plc in a report on Wednesday, September 21st. Royal Bank Of Canada upgraded shares of Burberry Group plc to a sector performer rating and upped their price objective for the stock from GBX 1,200 ($15.66) to GBX 1,400 ($18.27) in a report on Friday, September 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Burberry Group plc from GBX 1,380 ($18.01) to GBX 1,450 ($18.93) and gave the stock a neutral rating in a report on Monday, September 5th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have issued a buy rating to the stock. Burberry Group plc presently has a consensus rating of Hold and an average target price of GBX 1,381.48 ($18.03).
Shares of Burberry Group plc (LON:BRBY) traded down 0.49% during trading on Wednesday, reaching GBX 1429.00. 1,142,361 shares of the company traded hands. The firm’s 50 day moving average price is GBX 1,341.50 and its 200-day moving average price is GBX 1,244.86. The company’s market capitalization is GBX 6.32 billion. Burberry Group plc has a 52 week low of GBX 1,039.00 and a 52 week high of GBX 1,512.00.
In other news, insider Bailey,Christopher sold 18,750 shares of the firm’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 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.
Receive News & Ratings for Burberry Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group plc and related companies with MarketBeat.com's FREE daily email newsletter.