Societe Generale upgraded shares of Burberry Group plc (LON:BRBY) to a hold rating in a report issued on Tuesday morning. They currently have GBX 1,505 ($18.63) price objective on the stock, up from their previous price objective of GBX 1,300 ($16.09).
Other analysts have also issued research reports about the stock. Morgan Stanley reiterated an equal weight rating and issued a GBX 1,280 ($15.84) price objective on shares of Burberry Group plc in a research note on Friday, July 8th. Barclays PLC reiterated an equal weight rating and issued a GBX 1,220 ($15.10) price objective on shares of Burberry Group plc in a research note on Thursday, July 14th. Deutsche Bank AG increased their price objective on shares of Burberry Group plc from GBX 1,250 ($15.47) to GBX 1,350 ($16.71) and gave the stock a hold rating in a research note on Monday, July 11th. HSBC reiterated a hold rating and issued a GBX 1,500 ($18.56) price objective on shares of Burberry Group plc in a research note on Monday, June 27th. Finally, Jefferies Group increased their price objective on shares of Burberry Group plc from GBX 1,240 ($15.35) to GBX 1,290 ($15.97) and gave the stock a hold rating in a research note on Tuesday, July 5th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 1,387.61 ($17.17).
Shares of Burberry Group plc (LON:BRBY) opened at 1500.00 on Tuesday. Burberry Group plc has a 52 week low of GBX 1,039.00 and a 52 week high of GBX 1,530.00. The firm has a 50-day moving average of GBX 1,360.78 and a 200 day moving average of GBX 1,252.56. The stock’s market cap is GBX 6.63 billion.
In other Burberry Group plc news, insider Bailey,Christopher sold 18,750 shares of Burberry Group plc stock in a transaction dated Wednesday, August 24th. The shares were 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.
Receive News & Ratings for Burberry Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group plc and related companies with MarketBeat.com's FREE daily email newsletter.