Burberry Group plc (BRBY) Given “Underperform” Rating at Credit Suisse Group AG
Credit Suisse Group AG restated their underperform rating on shares of Burberry Group plc (LON:BRBY) in a research note published on Tuesday morning. The firm currently has a GBX 1,150 ($14.02) target price on the stock.
Several other research firms have also issued reports on BRBY. BNP Paribas reaffirmed a neutral rating and issued a GBX 1,460 ($17.79) price target on shares of Burberry Group plc in a research report on Monday. Berenberg Bank began coverage on Burberry Group plc in a research report on Thursday, October 13th. They issued a buy rating and a GBX 1,725 ($21.02) price target for the company. Haitong Bank lifted their price target on Burberry Group plc from GBX 1,265 ($15.42) to GBX 1,400 ($17.06) and gave the stock a neutral rating in a research report on Friday, October 14th. Deutsche Bank AG lifted their price target on Burberry Group plc from GBX 1,350 ($16.45) to GBX 1,475 ($17.98) and gave the stock a hold rating in a research report on Tuesday, October 11th. Finally, Societe Generale raised Burberry Group plc to a hold rating and lifted their price target for the stock from GBX 1,300 ($15.84) to GBX 1,505 ($18.34) in a research report on Tuesday, October 11th. 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 stock. The company presently has an average rating of Hold and an average target price of GBX 1,386.96 ($16.90).
Burberry Group plc (LON:BRBY) opened at 1449.00 on Tuesday. Burberry Group plc has a 12-month low of GBX 1,039.00 and a 12-month high of GBX 1,545.00. The firm’s market cap is GBX 6.40 billion. The firm’s 50-day moving average is GBX 1,372.65 and its 200 day moving average is GBX 1,254.83.
In related news, insider Bailey,Christopher sold 18,750 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of GBX 1,352 ($16.48), for a total transaction of £253,500 ($308,957.95).
About Burberry Group plc
Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company’s segments include retail/wholesale and licensing. The Retail/wholesale segment is engaged in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce, as well as Burberry franchisees, prestige department stores globally and multi-brand specialty accounts.
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