Burberry Group plc (BRBY) Given Average Recommendation of “Hold” by Brokerages

Shares of Burberry Group plc (LON:BRBY) have been assigned a consensus recommendation of “Hold” from the twenty brokerages that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 1,739 ($22.95).

A number of research firms have recently commented on BRBY. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a GBX 1,700 ($22.43) price objective on shares of Burberry Group plc in a research note on Monday, July 24th. Credit Suisse Group reissued a “neutral” rating on shares of Burberry Group plc in a research note on Friday, July 21st. Berenberg Bank reissued a “buy” rating and issued a GBX 1,900 ($25.07) price objective on shares of Burberry Group plc in a research note on Thursday, October 12th. Deutsche Bank AG boosted their price objective on Burberry Group plc from GBX 1,775 ($23.42) to GBX 1,800 ($23.75) and gave the stock a “hold” rating in a research note on Thursday, October 12th. Finally, BNP Paribas reissued a “neutral” rating and issued a GBX 1,650 ($21.77) price objective on shares of Burberry Group plc in a research note on Thursday, July 20th.

Burberry Group plc (BRBY) traded up 0.16% during mid-day trading on Friday, reaching GBX 1928.00. The company’s stock had a trading volume of 1,732,064 shares. The firm has a 50 day moving average price of GBX 1,818.30 and a 200-day moving average price of GBX 1,738.20. Burberry Group plc has a 1-year low of GBX 1,367.00 and a 1-year high of GBX 1,952.00. The company’s market capitalization is GBX 8.23 billion.

In other news, insider Christopher Bailey sold 174,050 shares of Burberry Group plc stock in a transaction on Monday, August 7th. The stock was sold at an average price of GBX 1,797 ($23.71), for a total transaction of £3,127,678.50 ($4,127,313.94).

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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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