Burberry Group plc (BRBY) Upgraded by Societe Generale to Hold
Societe Generale upgraded shares of Burberry Group plc (LON:BRBY) to a hold rating in a research report sent to investors on Tuesday morning. Societe Generale currently has GBX 1,505 ($18.63) target price on the stock, up from their prior target price of GBX 1,300 ($16.09).
Other research analysts also recently issued reports about the company. Morgan Stanley reaffirmed an equal weight rating and set a GBX 1,280 ($15.84) price target on shares of Burberry Group plc in a report on Friday, July 8th. Barclays PLC reissued an equal weight rating and issued a GBX 1,220 ($15.10) target price on shares of Burberry Group plc in a report on Thursday, July 14th. Deutsche Bank AG increased their target price on Burberry Group plc from GBX 1,250 ($15.47) to GBX 1,350 ($16.71) and gave the company a hold rating in a report on Monday, July 11th. HSBC reissued a hold rating and issued a GBX 1,500 ($18.56) target price on shares of Burberry Group plc in a report on Monday, June 27th. Finally, Jefferies Group increased their target price on Burberry Group plc from GBX 1,240 ($15.35) to GBX 1,290 ($15.97) and gave the company a hold rating in a report on Tuesday, July 5th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 1,372.27 ($16.98).
Shares of Burberry Group plc (LON:BRBY) traded up 0.20% during midday trading on Tuesday, hitting GBX 1519.00. The stock had a trading volume of 1,345,394 shares. Burberry Group plc has a 12 month low of GBX 1,039.00 and a 12 month high of GBX 1,530.00. The stock’s 50-day moving average is GBX 1,352.59 and its 200-day moving average is GBX 1,248.96. The stock’s market cap is GBX 6.71 billion.
In other news, insider Bailey,Christopher sold 18,750 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of GBX 1,352 ($16.73), for a total value of £253,500 ($313,737.62).
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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