Burberry Group plc (BRBY) Receives Hold Rating from Kepler Capital Markets

Kepler Capital Markets reiterated their hold rating on shares of Burberry Group plc (LON:BRBY) in a research report report published on Wednesday. Kepler Capital Markets currently has a GBX 1,820 ($24.02) target price on the stock.

A number of other analysts have also recently issued reports on the company. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a GBX 1,700 ($22.43) target price on shares of Burberry Group plc in a report on Monday, July 24th. Credit Suisse Group reiterated a neutral rating on shares of Burberry Group plc in a report on Friday, July 21st. Berenberg Bank reiterated a buy rating and set a GBX 1,900 ($25.07) target price on shares of Burberry Group plc in a report on Thursday, October 12th. Deutsche Bank AG boosted their target price 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 report on Thursday, October 12th. Finally, BNP Paribas reiterated a neutral rating and set a GBX 1,650 ($21.77) target price on shares of Burberry Group plc in a report on Thursday, July 20th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. Burberry Group plc currently has a consensus rating of Hold and a consensus target price of GBX 1,732.90 ($22.87).

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In related news, insider Christopher Bailey sold 174,050 shares of the company’s stock in a transaction that occurred 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).

Burberry Group plc Company Profile

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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