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).
TRADEMARK VIOLATION WARNING: This piece was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of US & international trademark and copyright law. The correct version of this piece can be read at https://www.com-unik.info/2017/10/29/burberry-group-plc-brby-given-average-recommendation-of-hold-by-brokerages.html.
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.
What are top analysts saying about Burberry Group plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Burberry Group plc and related companies.