Burberry Group (LON:BRBY)‘s stock had its “sell” rating reiterated by research analysts at Bryan, Garnier & Co in a research note issued to investors on Friday, November 10th.
Other analysts have also recently issued research reports about the company. Beaufort Securities reaffirmed a “buy” rating and issued a GBX 1,920 ($25.71) price target on shares of Burberry Group in a research report on Thursday, July 13th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,900 ($25.45) price target on shares of Burberry Group in a research report on Thursday, October 12th. Morgan Stanley boosted their price target on Burberry Group from GBX 1,495 ($20.02) to GBX 1,748 ($23.41) and gave the stock an “equal weight” rating in a research report on Tuesday, September 19th. Societe Generale boosted their price target on Burberry Group from GBX 1,715 ($22.97) to GBX 1,890 ($25.31) and gave the stock a “hold” rating in a research report on Monday, September 4th. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a GBX 1,650 ($22.10) price target on shares of Burberry Group in a research report on Thursday, July 13th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 1,717.19 ($23.00).
Shares of Burberry Group (LON BRBY) traded down GBX 15 ($0.20) during trading hours on Friday, hitting GBX 1,724 ($23.09). The company’s stock had a trading volume of 1,670,342 shares, compared to its average volume of 2,480,000. Burberry Group has a 12 month low of GBX 1,391.37 ($18.63) and a 12 month high of GBX 2,024 ($27.11).
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Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company’s segments include retail/wholesale and licensing. The Retail/wholesale segment is engaged in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce, as well as Burberry franchisees, prestige department stores globally and multi-brand specialty accounts.
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