Burberry (BRBY) Receives Buy Rating from Societe Generale

Societe Generale reissued their buy rating on shares of Burberry (LON:BRBY) in a research report report published on Friday, March 16th. They currently have a GBX 1,920 ($26.95) target price on the stock.

A number of other analysts also recently commented on the stock. Royal Bank of Canada restated an underperform rating and set a GBX 1,600 ($22.46) price target on shares of Burberry in a research report on Friday, March 9th. HSBC dropped their price target on shares of Burberry from GBX 1,600 ($22.46) to GBX 1,550 ($21.76) and set a reduce rating on the stock in a research report on Thursday, March 8th. JPMorgan Chase restated a neutral rating and set a GBX 1,720 ($24.14) price target on shares of Burberry in a research report on Monday, March 5th. Credit Suisse Group reiterated an outperform rating and issued a GBX 1,900 ($26.67) target price on shares of Burberry in a report on Thursday, March 1st. Finally, BNP Paribas reiterated a neutral rating and issued a GBX 1,550 ($21.76) target price on shares of Burberry in a report on Monday, February 19th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 1,696.50 ($23.81).

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Burberry stock traded down GBX 28 ($0.39) during midday trading on Friday, reaching GBX 1,676.50 ($23.53). 2,206,434 shares of the stock traded hands, compared to its average volume of 2,130,000. Burberry has a fifty-two week low of GBX 1,481.50 ($20.80) and a fifty-two week high of GBX 2,024 ($28.41).

In related news, insider Julie Brown sold 18,420 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of GBX 1,570 ($22.04), for a total transaction of £289,194 ($405,943.29). Also, insider Ron Frasch acquired 885 shares of the stock in a transaction that occurred on Wednesday, March 7th. The shares were bought at an average cost of GBX 1,635 ($22.95) per share, for a total transaction of £14,469.75 ($20,311.27).

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Burberry Company Profile

Burberry Group plc, together with its subsidiaries, designs, develops, manufactures, and sells luxury goods under the Burberry brand for men, women, and children. The company operates in two segments, Retail/Wholesale and Licensing. It offers product in the categories of apparel; accessories, such as women's handbags and small leather goods; and beauty, as well as eyewear and watches.

Analyst Recommendations for Burberry (LON:BRBY)

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