Burberry Group plc (LON:BRBY) has been assigned an average rating of “Hold” from the twenty-six research firms that are currently covering the company. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 1,374.73 ($17.94).
BRBY has been the subject of several recent research reports. Morgan Stanley reissued an “equal weight” rating and set a GBX 1,280 ($16.71) price target on shares of Burberry Group plc in a research report on Friday, July 8th. Barclays PLC reissued an “equal weight” rating and set a GBX 1,220 ($15.92) price target on shares of Burberry Group plc in a research report on Thursday, July 14th. Societe Generale reissued a “hold” rating and set a GBX 1,200 ($15.66) price target on shares of Burberry Group plc in a research report on Wednesday, June 29th. HSBC reissued a “hold” rating and set a GBX 1,500 ($19.58) price target on shares of Burberry Group plc in a research report on Monday, June 27th. Finally, Jefferies Group raised their price target on shares of Burberry Group plc from GBX 1,240 ($16.19) to GBX 1,290 ($16.84) and gave the stock a “hold” rating in a research report on Tuesday, July 5th.
Shares of Burberry Group plc (LON:BRBY) opened at 1379.00 on Thursday. The stock’s market cap is GBX 6.09 billion. Burberry Group plc has a 52-week low of GBX 1,039.00 and a 52-week high of GBX 1,512.00. The company’s 50-day moving average is GBX 1,335.57 and its 200-day moving average is GBX 1,245.76.
In related news, insider Bailey,Christopher sold 18,750 shares of Burberry Group plc stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of GBX 1,352 ($17.65), for a total value of £253,500 ($330,896.75).
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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