Burberry Group (BRBY) PT Lowered to GBX 2,148 at Goldman Sachs Group
Burberry Group (LON:BRBY) had its price target cut by Goldman Sachs Group from GBX 2,194 ($28.67) to GBX 2,148 ($28.07) in a report issued on Thursday. They currently have a neutral rating on the stock.
Several other equities analysts have also recently issued reports on the stock. Jefferies Financial Group reduced their price target on shares of Burberry Group from GBX 2,060 ($26.92) to GBX 1,800 ($23.52) and set a hold rating on the stock in a research report on Friday, January 11th. Deutsche Bank reiterated a hold rating on shares of Burberry Group in a research report on Friday, January 11th. UBS Group reiterated a neutral rating and set a GBX 1,900 ($24.83) price target (down previously from GBX 2,000 ($26.13)) on shares of Burberry Group in a research report on Thursday, January 10th. Berenberg Bank cut shares of Burberry Group to a hold rating and cut their price objective for the stock from GBX 2,270 ($29.66) to GBX 1,920 ($25.09) in a report on Thursday, January 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Burberry Group from GBX 1,900 ($24.83) to GBX 1,820 ($23.78) and set a neutral rating on the stock in a report on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 1,961.64 ($25.63).
Shares of LON BRBY opened at GBX 1,785.50 ($23.33) on Thursday. Burberry Group has a 1 year low of GBX 1,481.50 ($19.36) and a 1 year high of GBX 2,024 ($26.45).
In other Burberry Group news, insider Matthew Key acquired 1,150 shares of the business’s stock in a transaction on Thursday, December 6th. The shares were acquired at an average price of GBX 1,714 ($22.40) per share, for a total transaction of £19,711 ($25,755.91).
About Burberry Group
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.
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