Berenberg Bank downgraded shares of Burberry Group (LON:BRBY) to a hold rating in a research report released on Thursday morning. Berenberg Bank currently has GBX 1,920 ($25.09) price objective on the stock, down from their prior price objective of GBX 2,270 ($29.66).
Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised their target price on Burberry Group from GBX 1,710 ($22.34) to GBX 1,850 ($24.17) and gave the stock a neutral rating in a research report on Thursday, October 25th. Kepler Capital Markets raised Burberry Group to a hold rating and decreased their target price for the stock from GBX 1,870 ($24.43) to GBX 1,780 ($23.26) in a research report on Friday, November 23rd. Deutsche Bank reaffirmed a hold rating on shares of Burberry Group in a research report on Tuesday, November 13th. Jefferies Financial Group reaffirmed a hold rating on shares of Burberry Group in a research report on Friday, November 16th. Finally, HSBC raised Burberry Group to a hold rating and decreased their target price for the stock from GBX 2,100 ($27.44) to GBX 1,950 ($25.48) in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 1,933.19 ($25.26).
Shares of Burberry Group stock traded up GBX 9.50 ($0.12) during midday trading on Thursday, hitting GBX 1,751.50 ($22.89). The company’s stock had a trading volume of 1,368,615 shares, compared to its average volume of 2,130,000. 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 Matthew Key acquired 1,150 shares of Burberry Group stock in a transaction that occurred on Thursday, December 6th. The stock was purchased at an average price of GBX 1,714 ($22.40) per share, with a total value of £19,711 ($25,755.91).
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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