Barclays lowered shares of Burberry Group (LON:BRBY – Free Report) to an underweight rating in a research note published on Monday morning, Digital Look reports.
Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 1,050 ($13.73) price target on shares of Burberry Group in a research report on Tuesday, June 25th. Jefferies Financial Group reaffirmed a hold rating and issued a GBX 800 ($10.46) price target on shares of Burberry Group in a research report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of GBX 1,440.67 ($18.84).
Check Out Our Latest Stock Analysis on Burberry Group
Burberry Group Stock Performance
Insiders Place Their Bets
In other Burberry Group news, insider Antoine Bernard de Saint-Affrique bought 2,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was acquired at an average price of GBX 730 ($9.55) per share, with a total value of £14,600 ($19,092.45). In other Burberry Group news, insider Antoine Bernard de Saint-Affrique bought 2,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was acquired at an average price of GBX 730 ($9.55) per share, with a total value of £14,600 ($19,092.45). Also, insider Alessandra Cozzani bought 1,100 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was acquired at an average cost of GBX 747 ($9.77) per share, with a total value of £8,217 ($10,745.39). 0.73% of the stock is 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.
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