Burberry Group plc (LON:BRBY – Get Free Report) has been given a consensus recommendation of “Reduce” by the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 1,440.67 ($19.29).
A number of analysts have recently weighed in on BRBY shares. Jefferies Financial Group reissued a “hold” rating and set a GBX 800 ($10.71) price objective on shares of Burberry Group in a research note on Tuesday, July 16th. Barclays downgraded Burberry Group to an “underweight” rating in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 1,050 ($14.06) price objective on shares of Burberry Group in a report on Tuesday, June 25th.
Read Our Latest Analysis on Burberry Group
Burberry Group Trading Down 0.2 %
Insider Activity at Burberry Group
In other Burberry Group news, insider Alessandra Cozzani purchased 1,100 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were acquired at an average cost of GBX 747 ($10.00) per share, with a total value of £8,217 ($11,002.95). In other news, insider Alessandra Cozzani purchased 1,100 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was bought at an average cost of GBX 747 ($10.00) per share, with a total value of £8,217 ($11,002.95). Also, insider Antoine Bernard de Saint-Affrique bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were acquired at an average price of GBX 730 ($9.78) per share, for a total transaction of £14,600 ($19,550.08). 0.73% of the stock is owned by company insiders.
Burberry Group Company Profile
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.
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