Burberry Group (BRBY) Downgraded to Neutral at Goldman Sachs Group

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Goldman Sachs Group lowered shares of Burberry Group (LON:BRBY) to a neutral rating in a report released on Friday. They currently have GBX 2,536 ($32.71) price target on the stock, up from their prior price target of GBX 2,395 ($30.90).

Several other equities research analysts have also recently weighed in on the company. Royal Bank of Canada boosted their price objective on Burberry Group from GBX 1,600 ($20.64) to GBX 1,750 ($22.57) and gave the stock an underperform rating in a research note on Tuesday, May 22nd. BNP Paribas boosted their price objective on Burberry Group from GBX 1,800 ($23.22) to GBX 1,950 ($25.15) and gave the stock a neutral rating in a research note on Friday, August 10th. UBS Group reissued a neutral rating on shares of Burberry Group in a research note on Thursday, July 12th. Credit Suisse Group upped their target price 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 note on Thursday, May 17th. Finally, Citigroup reaffirmed a neutral rating on shares of Burberry Group in a research note on Wednesday. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 1,977.24 ($25.51).

LON BRBY traded down GBX 2 ($0.03) during trading hours on Friday, hitting GBX 2,092 ($26.99). 3,280,889 shares of the company were exchanged, compared to its average volume of 2,130,000. Burberry Group has a 52 week low of GBX 1,481.50 ($19.11) and a 52 week high of GBX 2,024 ($26.11).

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

About Burberry Group

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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Analyst Recommendations for Burberry Group (LON:BRBY)

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