Shares of Burberry Group plc (LON:BRBY – Get Free Report) reached a new 52-week low on Monday . The stock traded as low as GBX 650.20 ($8.57) and last traded at GBX 665 ($8.77), with a volume of 19437334 shares traded. The stock had previously closed at GBX 667.80 ($8.81).
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on BRBY shares. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 800 ($10.55) target price on shares of Burberry Group in a research report on Tuesday, July 16th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 1,050 ($13.85) price objective on shares of Burberry Group in a report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 1,440.67 ($19.00).
Get Our Latest Stock Report on BRBY
Burberry Group Price Performance
Insider Activity at Burberry Group
In other Burberry Group news, insider Alessandra Cozzani purchased 1,100 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were bought at an average cost of GBX 747 ($9.85) per share, for a total transaction of £8,217 ($10,836.08). In related news, insider Antoine Bernard de Saint-Affrique bought 2,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was acquired at an average price of GBX 730 ($9.63) per share, for a total transaction of £14,600 ($19,253.59). Also, insider Alessandra Cozzani purchased 1,100 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were bought at an average price of GBX 747 ($9.85) per share, for a total transaction of £8,217 ($10,836.08). 0.73% of the stock is currently owned by company insiders.
Burberry Group Company Profile
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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