Burberry Group (BRBY) Receives Neutral Rating from Citigroup

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Citigroup reissued their neutral rating on shares of Burberry Group (LON:BRBY) in a report published on Wednesday.

A number of other equities research analysts also recently issued reports on BRBY. Kepler Capital Markets reissued a hold rating on shares of Burberry Group in a research report on Thursday, May 10th. Deutsche Bank boosted their price target on Burberry Group from GBX 1,625 ($20.96) to GBX 1,725 ($22.25) and gave the company a hold rating in a research report on Thursday, May 17th. UBS Group boosted their price target on Burberry Group from GBX 1,790 ($23.09) to GBX 1,900 ($24.51) and gave the company a neutral rating in a research report on Thursday, May 17th. Credit Suisse Group boosted their price target on Burberry Group from GBX 1,850 ($23.86) to GBX 1,950 ($25.15) and gave the company an outperform rating in a research report on Thursday, May 17th. Finally, Berenberg Bank boosted their price target on Burberry Group from GBX 1,865 ($24.06) to GBX 2,100 ($27.09) and gave the company a buy rating in a research report on Thursday, May 17th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Burberry Group currently has an average rating of Hold and a consensus price target of GBX 1,934.50 ($24.95).

BRBY stock opened at GBX 2,115 ($27.28) on Wednesday. Burberry Group has a 12-month low of GBX 1,481.50 ($19.11) and a 12-month high of GBX 2,024 ($26.11).

In other Burberry Group news, insider Julie Brown purchased 8,543 shares of the business’s stock in a transaction that occurred on Friday, July 13th. The shares were acquired at an average price of GBX 2,102 ($27.12) per share, for a total transaction of £179,573.86 ($231,648.43). Also, insider Gerry M. Murphy purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 22nd. The stock was acquired at an average price of GBX 2,157 ($27.83) per share, for a total transaction of £107,850 ($139,125.39).

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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