Burberry Group (LON:BRBY) Price Target Raised to GBX 980

Burberry Group (LON:BRBY) had its target price increased by equities researchers at JPMorgan Chase & Co. from GBX 950 to GBX 980 in a research note issued to investors on Friday,London Stock Exchange reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 7.02% from the company’s previous close.

A number of other analysts have also issued reports on BRBY. UBS Group restated a “buy” rating and set a GBX 1,410 target price on shares of Burberry Group in a research report on Monday. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 940 price target on shares of Burberry Group in a report on Friday. Deutsche Bank Aktiengesellschaft reduced their price target on Burberry Group from GBX 1,550 to GBX 1,480 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,400 price objective on shares of Burberry Group in a report on Thursday, January 22nd. Finally, Citigroup lifted their price objective on Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a “buy” rating in a research report on Monday, January 26th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Burberry Group currently has an average rating of “Hold” and an average price target of GBX 1,325.56.

Burberry Group Price Performance

BRBY stock traded down GBX 29 during trading on Friday, hitting GBX 1,054. The stock had a trading volume of 61,822,824 shares, compared to its average volume of 26,056,105. The stock has a market cap of £3.78 billion, a price-to-earnings ratio of -146.39, a price-to-earnings-growth ratio of 1.66 and a beta of 0.68. The company has a debt-to-equity ratio of 173.32, a quick ratio of 1.63 and a current ratio of 1.88. The company’s 50 day moving average price is GBX 1,112.05 and its two-hundred day moving average price is GBX 1,179.61. Burberry Group has a 1-year low of GBX 939.20 and a 1-year high of GBX 1,376.50.

Burberry Group (LON:BRBY) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. The company had revenue of GBX 242 billion for the quarter. Burberry Group had a negative net margin of 1.12% and a negative return on equity of 2.99%. On average, sell-side analysts forecast that Burberry Group will post 32.6294821 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Stella King purchased 608 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average price of GBX 1,024 per share, with a total value of £6,225.92. Company insiders own 0.54% of the company’s stock.

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. 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.