Berenberg Bank Reiterates “Hold” Rating for Burberry Group (LON:BRBY)

Burberry Group (LON:BRBY)‘s stock had its “hold” rating reissued by stock analysts at Berenberg Bank in a research note issued on Thursday,Digital Look reports. They presently have a GBX 1,080 price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 1.60% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 940 target price on shares of Burberry Group in a report on Wednesday, June 24th. JPMorgan Chase & Co. lifted their price target on Burberry Group from GBX 950 to GBX 980 and gave the stock an “underweight” rating in a research note on Friday, May 15th. 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 Monday. Citigroup reduced their price objective 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,480 target price on shares of Burberry Group in a report on Monday, May 18th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 1,322.22.

Burberry Group Price Performance

LON BRBY opened at GBX 1,063 on Thursday. Burberry Group has a 1 year low of GBX 976 and a 1 year high of GBX 1,376.50. The business’s fifty day moving average is GBX 1,106.78 and its two-hundred day moving average is GBX 1,140.04. The stock has a market capitalization of £3.82 billion, a P/E ratio of 180.17, a P/E/G ratio of 1.66 and a beta of 0.68. The company has a debt-to-equity ratio of 162.02, a quick ratio of 1.63 and a current ratio of 1.87.

Burberry Group (LON:BRBY) last released its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.20 earnings per share for the quarter. The business had revenue of GBX 242 billion during the quarter. Burberry Group had a return on equity of 2.29% and a net margin of 0.87%. On average, research analysts forecast that Burberry Group will post 32.6294821 earnings per share for the current fiscal year.

Insider Activity at Burberry Group

In other news, insider Kate Ferry acquired 32,026 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average cost of GBX 1,089 per share, with a total value of £348,763.14. 0.63% of the stock is currently 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.