Shares of Burberry Group plc (LON:BRBY) have been assigned an average recommendation of “Hold” from the twenty ratings firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 1,725 ($24.19).
BRBY has been the topic of a number of recent research reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 1,720 ($24.12) target price on shares of Burberry Group in a research note on Monday, January 8th. Deutsche Bank increased their price objective on Burberry Group from GBX 1,775 ($24.89) to GBX 1,800 ($25.24) and gave the company a “hold” rating in a research report on Thursday, October 12th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 1,900 ($26.64) price objective on shares of Burberry Group in a research report on Tuesday, January 16th. Barclays reaffirmed an “overweight” rating and set a GBX 1,900 ($26.64) price objective on shares of Burberry Group in a research report on Thursday, January 4th. Finally, Beaufort Securities increased their price objective on Burberry Group from GBX 1,920 ($26.92) to GBX 1,980 ($27.76) and gave the company a “buy” rating in a research report on Friday, November 10th.
In other Burberry Group news, insider Julie Brown sold 18,420 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of GBX 1,570 ($22.01), for a total value of £289,194 ($405,487.94).
ILLEGAL ACTIVITY NOTICE: This news story was posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.com-unik.info/2018/02/09/burberry-group-plc-brby-receives-gbx-1728-89-consensus-target-price-from-analysts.html.
Burberry Group 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.
Receive News & Ratings for Burberry Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group and related companies with MarketBeat.com's FREE daily email newsletter.