Credit Suisse Group AG reissued their underperform rating on shares of Burberry Group plc (LON:BRBY) in a research report released on Tuesday. Credit Suisse Group AG currently has a GBX 1,150 ($14.02) target price on the stock.
A number of other equities research analysts also recently commented on BRBY. Liberum Capital upped their price objective on Burberry Group plc from GBX 925 ($11.27) to GBX 975 ($11.88) and gave the company a sell rating in a report on Tuesday, July 5th. JPMorgan Chase & Co. reissued a neutral rating on shares of Burberry Group plc in a research note on Tuesday, July 12th. Haitong Bank reissued a neutral rating and issued a GBX 1,265 ($15.42) target price on shares of Burberry Group plc in a research note on Thursday, July 14th. Jefferies Group boosted their target price on Burberry Group plc from GBX 1,240 ($15.11) to GBX 1,290 ($15.72) and gave the company a hold rating in a research note on Tuesday, July 5th. Finally, BNP Paribas reissued a neutral rating and issued a GBX 1,350 ($16.45) target price on shares of Burberry Group plc in a research note on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 1,395.45 ($17.01).
Burberry Group plc (LON:BRBY) opened at 1454.00 on Tuesday. Burberry Group plc has a 52-week low of GBX 1,039.00 and a 52-week high of GBX 1,545.00. The stock’s market capitalization is GBX 6.43 billion. The company has a 50-day moving average of GBX 1,380.35 and a 200-day moving average of GBX 1,256.68.
In other 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 ($16.48), 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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