Burberry Group plc (BRBY) Receives GBX 1,728.89 Consensus Target Price from Analysts

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).

Burberry Group (BRBY) traded down GBX 33.50 ($0.47) during midday trading on Tuesday, hitting GBX 1,510 ($21.17). The stock had a trading volume of 1,153,931 shares, compared to its average volume of 2,040,000. Burberry Group has a 52-week low of GBX 1,481.50 ($20.77) and a 52-week high of GBX 2,024 ($28.38). The stock has a market capitalization of $6,440.00 and a PE ratio of 2,157.14.

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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.

Analyst Recommendations for Burberry Group (LON:BRBY)

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