Credit Suisse Group downgraded shares of Burberry Group (LON:BRBY) to a neutral rating in a research note published on Friday morning. Credit Suisse Group currently has GBX 1,950 ($25.48) price objective on the stock, down from their prior price objective of GBX 2,200 ($28.75).
Several other brokerages have also recently weighed in on BRBY. UBS Group restated a neutral rating and set a GBX 1,900 ($24.83) price objective (down from GBX 2,000 ($26.13)) on shares of Burberry Group in a research note on Thursday, January 10th. Jefferies Financial Group restated a hold rating on shares of Burberry Group in a research note on Friday, November 16th. Berenberg Bank restated a hold rating and set a GBX 1,970 ($25.74) price objective on shares of Burberry Group in a research note on Wednesday, February 6th. JPMorgan Chase & Co. raised their price objective on Burberry Group from GBX 1,850 ($24.17) to GBX 1,900 ($24.83) and gave the company a neutral rating in a research note on Friday, November 9th. Finally, Deutsche Bank restated a hold rating and set a GBX 1,800 ($23.52) price objective on shares of Burberry Group in a research note on Monday, October 29th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 1,943.79 ($25.40).
Shares of LON:BRBY opened at GBX 1,869 ($24.42) on Friday. Burberry Group has a 1-year low of GBX 1,481.50 ($19.36) and a 1-year high of GBX 2,024 ($26.45).
In other news, insider Marco Gobbetti sold 12,385 shares of Burberry Group stock in a transaction on Monday, January 28th. The stock was sold at an average price of GBX 1,756 ($22.95), for a total transaction of £217,480.60 ($284,176.92). Also, insider Julie Brown bought 108 shares of the stock in a transaction dated Monday, February 4th. The shares were acquired at an average price of GBX 1,828 ($23.89) per share, for a total transaction of £1,974.24 ($2,579.69).
Burberry Group Company Profile
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.
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