Shares of Burberry Group plc (LON:BRBY – Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 977.60 and last traded at GBX 977.60, with a volume of 567683188 shares changing hands. The stock had previously closed at GBX 997.60.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on BRBY. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,400 price objective on shares of Burberry Group in a research report on Monday, July 20th. Jefferies Financial Group restated an “underperform” rating and set a GBX 940 target price on shares of Burberry Group in a research report on Wednesday, June 24th. Citigroup cut their price target on Burberry Group from GBX 1,560 to GBX 1,510 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,080 price target on shares of Burberry Group in a report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 1,281.25.
View Our Latest Stock Report on Burberry Group
Burberry Group Stock Up 0.4%
Insider Transactions at Burberry Group
In related news, insider Kate Ferry bought 32,026 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were acquired at an average price of GBX 1,089 per share, for a total transaction of £348,763.14. 0.66% of the stock is currently owned by 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. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks. It sells its products through Burberry mainline stores, concessions, outlets, digital commerce, Burberry franchisees, department stores, and multi-brand specialty accounts, as well as through Burberry.com website.
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