Burberry Group’s (BRBY) Hold Rating Reiterated at Berenberg Bank

Burberry Group (LON:BRBY)‘s stock had its “hold” rating reaffirmed by investment analysts at Berenberg Bank in a research report issued on Monday,London Stock Exchange reports. They presently have a GBX 1,080 target price on the stock. Berenberg Bank’s price target points to a potential downside of 6.13% from the company’s previous close.

Other analysts also recently issued reports about the stock. Jefferies Financial Group restated an “underperform” rating and issued a GBX 940 target price on shares of Burberry Group in a report on Friday, May 15th. Citigroup lowered their target price on shares of Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating for the company in a research note on Monday, June 1st. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,400 price objective on shares of Burberry Group in a research report on Tuesday, May 19th. UBS Group reaffirmed a “buy” rating and set a GBX 1,410 target price on shares of Burberry Group in a research report on Monday, May 11th. Finally, JPMorgan Chase & Co. boosted their price target on Burberry Group from GBX 950 to GBX 980 and gave the company an “underweight” rating in a report on Friday, May 15th. Six investment 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 1,322.22.

Burberry Group Price Performance

BRBY traded down GBX 3.50 on Monday, hitting GBX 1,150.50. 1,292,589 shares of the company’s stock traded hands, compared to its average volume of 31,477,914. Burberry Group has a one year low of GBX 976 and a one year high of GBX 1,376.50. The company’s 50 day simple moving average is GBX 1,142.50 and its 200-day simple moving average is GBX 1,167.92. The company has a current ratio of 1.87, a quick ratio of 1.63 and a debt-to-equity ratio of 162.02. The firm has a market cap of £4.13 billion, a price-to-earnings ratio of 195.00, a P/E/G ratio of 1.66 and a beta of 0.68.

Burberry Group (LON:BRBY) last issued its earnings results on Thursday, May 14th. The company reported GBX 15.20 earnings per share for the quarter. Burberry Group had a net margin of 0.87% and a return on equity of 2.29%. The firm had revenue of GBX 242 billion during the quarter. As a group, research analysts anticipate that Burberry Group will post 32.6294821 EPS for the current year.

Insider Transactions at Burberry Group

In other Burberry Group news, insider Stella King purchased 608 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was bought at an average cost of GBX 1,024 per share, for a total transaction of £6,225.92. 0.54% of the stock is owned by corporate 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. 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.