Barclays lowered shares of Burberry Group (LON:BRBY – Free Report) to an underweight rating in a research note issued to investors on Monday, Digital Look reports.
BRBY has been the subject of a number of other research reports. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 1,050 ($13.73) price objective on shares of Burberry Group in a research note on Tuesday, June 25th. Jefferies Financial Group reissued a hold rating and set a GBX 800 ($10.46) price objective on shares of Burberry Group in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of GBX 1,440.67 ($18.84).
Read Our Latest Stock Report on BRBY
Burberry Group Stock Up 1.6 %
Insider Buying and Selling
In related news, insider Alessandra Cozzani purchased 1,100 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were acquired at an average price of GBX 747 ($9.77) per share, for a total transaction of £8,217 ($10,745.39). In related news, insider Alessandra Cozzani purchased 1,100 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were acquired at an average price of GBX 747 ($9.77) per share, for a total transaction of £8,217 ($10,745.39). Also, insider Jonathan Akeroyd sold 12,911 shares of Burberry Group stock in a transaction on Monday, June 17th. The shares were sold at an average price of GBX 974 ($12.74), for a total transaction of £125,753.14 ($164,447.68). 0.73% 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.
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