Goldman Sachs Reaffirms “Conviction-Buy” Rating for Burberry (BRBY)

Burberry (LON:BRBY)‘s stock had its “conviction-buy” rating reiterated by equities researchers at Goldman Sachs in a note issued to investors on Friday.

Several other analysts have also recently issued reports on BRBY. Barclays reiterated an “overweight” rating and issued a GBX 1,900 ($26.67) price objective on shares of Burberry in a research note on Thursday, January 4th. JPMorgan Chase reiterated a “neutral” rating and issued a GBX 1,720 ($24.14) price objective on shares of Burberry in a research note on Monday, January 8th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 1,900 ($26.67) price objective on shares of Burberry in a research note on Tuesday, January 16th. Deutsche Bank reduced their price objective on Burberry from GBX 1,700 ($23.86) to GBX 1,625 ($22.81) and set a “hold” rating on the stock in a research note on Thursday, January 18th. Finally, Beaufort Securities reduced their price objective on Burberry from GBX 1,980 ($27.79) to GBX 1,872 ($26.28) and set a “buy” rating on the stock in a research note on Thursday, January 18th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Burberry currently has an average rating of “Hold” and an average price target of GBX 1,696.50 ($23.81).

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Shares of LON BRBY opened at GBX 1,676.50 ($23.53) on Friday. Burberry has a 12-month low of GBX 1,481.50 ($20.80) and a 12-month high of GBX 2,024 ($28.41).

In other news, insider Julie Brown sold 18,420 shares of Burberry stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of GBX 1,570 ($22.04), for a total transaction of £289,194 ($405,943.29). Also, insider Ron Frasch bought 885 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were purchased at an average price of GBX 1,635 ($22.95) per share, for a total transaction of £14,469.75 ($20,311.27).

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Burberry Company Profile

Burberry Group plc, together with its subsidiaries, designs, develops, manufactures, and sells luxury goods under the Burberry brand for men, women, and children. The company operates in two segments, Retail/Wholesale and Licensing. It offers product in the categories of apparel; accessories, such as women's handbags and small leather goods; and beauty, as well as eyewear and watches.

Analyst Recommendations for Burberry (LON:BRBY)

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