Burberry Group plc (BRBY) Insider Christopher Bailey Sells 174,050 Shares

Burberry Group plc (LON:BRBY) insider Christopher Bailey sold 174,050 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of GBX 1,797 ($23.33), for a total transaction of £3,127,678.50 ($4,060,338.18).

Shares of Burberry Group plc (LON BRBY) opened at 1746.00 on Friday. The company’s 50 day moving average is GBX 1,695.30 and its 200 day moving average is GBX 1,704.02. The company’s market capitalization is GBX 7.59 billion. Burberry Group plc has a 12-month low of GBX 1,228.00 and a 12-month high of GBX 1,879.00.

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A number of research firms have recently issued reports on BRBY. Citigroup Inc. restated a “neutral” rating and set a GBX 1,760 ($22.85) price target on shares of Burberry Group plc in a report on Wednesday, June 28th. Deutsche Bank AG boosted their price target on shares of Burberry Group plc from GBX 1,600 ($20.77) to GBX 1,615 ($20.97) and gave the company a “hold” rating in a report on Monday, May 22nd. Credit Suisse Group upgraded shares of Burberry Group plc to a “neutral” rating and boosted their price target for the company from GBX 1,300 ($16.88) to GBX 1,550 ($20.12) in a report on Wednesday, May 10th. Barclays PLC restated an “overweight” rating and set a GBX 1,900 ($24.67) price target on shares of Burberry Group plc in a report on Wednesday, April 26th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 1,840 ($23.89) price target on shares of Burberry Group plc in a report on Monday, May 15th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 1,658.35 ($21.53).

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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