Burberry Group (BRBY) PT Raised to GBX 1,950 at BNP Paribas

Burberry Group (LON:BRBY) had its price target increased by stock analysts at BNP Paribas from GBX 1,800 ($23.30) to GBX 1,950 ($25.24) in a report released on Friday. The brokerage presently has a “neutral” rating on the stock. BNP Paribas’ price objective indicates a potential downside of 12.12% from the stock’s previous close.

Several other research firms also recently issued reports on BRBY. JPMorgan Chase & Co. dropped their target price on Burberry Group from GBX 1,720 ($22.27) to GBX 1,710 ($22.14) and set a “neutral” rating on the stock in a research report on Tuesday, July 3rd. Credit Suisse Group increased their target price on Burberry Group from GBX 1,850 ($23.95) to GBX 1,950 ($25.24) and gave the stock an “outperform” rating in a research report on Thursday, May 17th. UBS Group increased their target price on Burberry Group from GBX 1,790 ($23.17) to GBX 1,900 ($24.60) and gave the stock a “neutral” rating in a research report on Thursday, May 17th. Citigroup reaffirmed a “neutral” rating and issued a GBX 1,970 ($25.50) price target on shares of Burberry Group in a report on Friday, May 18th. Finally, Berenberg Bank decreased their price target on shares of Burberry Group from GBX 1,890 ($24.47) to GBX 1,865 ($24.14) and set a “buy” rating on the stock in a report on Wednesday, April 18th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 1,866 ($24.16).

LON:BRBY opened at GBX 2,219 ($28.72) on Friday. Burberry Group has a 1 year low of GBX 1,481.50 ($19.18) and a 1 year high of GBX 2,024 ($26.20).

In other news, insider Ron Frasch purchased 380 shares of the firm’s stock in a transaction dated Monday, May 21st. The shares were purchased at an average price of GBX 1,983 ($25.67) per share, with a total value of £7,535.40 ($9,754.56). Also, insider Julie Brown purchased 8,543 shares of the firm’s stock in a transaction dated Friday, July 13th. The stock was purchased at an average cost of GBX 2,102 ($27.21) per share, for a total transaction of £179,573.86 ($232,458.07). In the last ninety days, insiders bought 73,923 shares of company stock worth $149,615,926.

About Burberry Group

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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Analyst Recommendations for Burberry Group (LON:BRBY)

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