Jefferies Group reaffirmed their hold rating on shares of Burberry Group plc (LON:BRBY) in a report issued on Thursday morning. Jefferies Group currently has a GBX 1,290 ($15.97) target price on the stock.
Several other brokerages have also commented on BRBY. Credit Suisse Group AG reissued an underperform rating and set a GBX 1,150 ($14.23) price objective on shares of Burberry Group plc in a report on Wednesday, September 21st. Goldman Sachs Group Inc. boosted their price objective on Burberry Group plc from GBX 1,310 ($16.21) to GBX 1,480 ($18.32) and gave the stock a neutral rating in a report on Tuesday, September 27th. JPMorgan Chase & Co. boosted their price objective on Burberry Group plc from GBX 1,380 ($17.08) to GBX 1,450 ($17.95) and gave the stock a neutral rating in a report on Monday, September 5th. Morgan Stanley boosted their price objective on Burberry Group plc from GBX 1,280 ($15.84) to GBX 1,424 ($17.62) and gave the stock an equal weight rating in a report on Tuesday, August 30th. Finally, BNP Paribas reissued a neutral rating and set a GBX 1,346 ($16.66) price objective on shares of Burberry Group plc in a report on Friday, July 22nd. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 1,362.95 ($16.87).
Burberry Group plc (LON:BRBY) opened at 1513.00 on Thursday. The company’s market cap is GBX 6.69 billion. Burberry Group plc has a 12-month low of GBX 1,039.00 and a 12-month high of GBX 1,525.00. The firm’s 50-day moving average is GBX 1,348.06 and its 200 day moving average is GBX 1,247.58.
In related news, insider Bailey,Christopher sold 18,750 shares of the company’s 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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