Jefferies Group reiterated their hold rating on shares of Burberry Group plc (LON:BRBY) in a research note released on Thursday. Jefferies Group currently has a GBX 1,290 ($15.97) price objective on the stock.
A number of other research firms have also recently issued reports on BRBY. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 1,450 ($17.95) target price on shares of Burberry Group plc in a research note on Wednesday, October 5th. BNP Paribas reissued a neutral rating and issued a GBX 1,460 ($18.07) target price on shares of Burberry Group plc in a research note on Wednesday, October 5th. Goldman Sachs Group Inc. boosted their target price on Burberry Group plc from GBX 1,310 ($16.21) to GBX 1,480 ($18.32) and gave the company a neutral rating in a research note on Tuesday, September 27th. Barclays PLC boosted their target price on Burberry Group plc from GBX 1,320 ($16.34) to GBX 1,350 ($16.71) and gave the company an equal weight rating in a research note on Tuesday, October 4th. Finally, Credit Suisse Group AG reissued an underperform rating and issued a GBX 1,150 ($14.23) target price on shares of Burberry Group plc in a research note on Wednesday, September 21st. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 1,372.27 ($16.98).
Burberry Group plc (LON:BRBY) opened at 1516.00 on Thursday. The company has a 50 day moving average price of GBX 1,352.59 and a 200-day moving average price of GBX 1,248.96. The firm’s market cap is GBX 6.70 billion. Burberry Group plc has a 52-week low of GBX 1,039.00 and a 52-week high of GBX 1,530.00.
In related news, insider Bailey,Christopher sold 18,750 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of GBX 1,352 ($16.73), for a total transaction 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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