Credit Suisse Group Reaffirms “Neutral” Rating for Burberry Group plc (BRBY)

Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating restated by stock analysts at Credit Suisse Group in a research note issued on Friday, July 21st.

A number of other research firms also recently issued reports on BRBY. HSBC Holdings plc downgraded shares of Burberry Group plc to a “reduce” rating and decreased their target price for the company from GBX 1,630 ($21.16) to GBX 1,580 ($20.51) in a research report on Tuesday, June 6th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 1,650 ($21.42) price objective on shares of Burberry Group plc in a report on Monday, June 26th. Deutsche Bank AG lifted their price objective on shares of Burberry Group plc from GBX 1,525 ($19.80) to GBX 1,650 ($21.42) and gave the company a “hold” rating in a report on Wednesday, April 12th. Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 1,760 ($22.85) price objective on shares of Burberry Group plc in a report on Wednesday, June 28th. Finally, Bryan, Garnier & Co reaffirmed a “sell” rating and issued a GBX 1,350 ($17.53) price objective on shares of Burberry Group plc in a report on Thursday, April 13th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 1,658.35 ($21.53).

Shares of Burberry Group plc (BRBY) traded down 0.68% on Friday, reaching GBX 1746.00. The company’s stock had a trading volume of 789,933 shares. The company’s 50 day moving average price is GBX 1,695.30 and its 200 day moving average price is GBX 1,704.02. The company’s market cap 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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In related news, insider Christopher Bailey sold 174,050 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of GBX 1,797 ($23.33), for a total value of £3,127,678.50 ($4,060,338.18).

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.

Analyst Recommendations for Burberry Group plc (LON:BRBY)

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