Shares of Burberry Group plc (LON:BRBY – Get Free Report) have been given a consensus rating of “Reduce” by the six brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,282.80 ($17.18).
Several research firms recently weighed in on BRBY. Barclays lowered shares of Burberry Group to an “underweight” rating in a research report on Monday, September 9th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 800 ($10.71) price objective on shares of Burberry Group in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 1,050 ($14.06) target price on shares of Burberry Group in a research note on Tuesday, June 25th.
Check Out Our Latest Stock Analysis on BRBY
Burberry Group Trading Up 7.0 %
Insiders Place Their Bets
In other Burberry Group news, insider Alessandra Cozzani bought 1,100 shares of Burberry Group stock in a transaction dated Thursday, July 18th. The shares were purchased at an average cost of GBX 747 ($10.00) per share, with a total value of £8,217 ($11,002.95). In other Burberry Group news, insider Alessandra Cozzani bought 1,100 shares of Burberry Group stock in a transaction on Thursday, July 18th. The stock was acquired at an average price 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 on Tuesday, July 16th. The stock was acquired at an average cost of GBX 730 ($9.78) per share, with a total value of £14,600 ($19,550.08). 0.73% of the stock is currently owned by company insiders.
About Burberry Group
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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