Burberry Group (LON:BRBY) Cut to Underweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Burberry Group (LON:BRBY) to an underweight rating in a research note issued to investors on Friday, MarketBeat Ratings reports. They currently have GBX 950 price objective on the stock, up from their previous price objective of GBX 850.

A number of other analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Burberry Group from GBX 1,500 to GBX 1,550 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Jefferies Financial Group increased their price target on Burberry Group from GBX 580 to GBX 680 and gave the stock an “underperform” rating in a report on Tuesday, September 23rd. HSBC restated a “buy” rating and set a GBX 1,600 price objective on shares of Burberry Group in a report on Tuesday, September 2nd. UBS Group reiterated a “buy” rating and issued a GBX 1,575 target price on shares of Burberry Group in a research note on Friday, November 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,400 target price on shares of Burberry Group in a research report on Thursday, September 25th. Five analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,336.43.

Burberry Group Stock Performance

Shares of BRBY stock opened at GBX 1,139.50 on Friday. The company has a 50 day moving average price of GBX 1,199.49 and a 200-day moving average price of GBX 1,176.28. Burberry Group has a 52 week low of GBX 597 and a 52 week high of GBX 1,375. The firm has a market capitalization of £4.11 billion, a PE ratio of -54.52, a P/E/G ratio of 1.66 and a beta of 1.06. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 136.53.

Burberry Group (LON:BRBY) last posted its quarterly earnings data on Thursday, November 13th. The company reported GBX 0.60 earnings per share for the quarter. Burberry Group had a net margin of 9.10% and a return on equity of 23.93%. As a group, equities research analysts expect that Burberry Group will post 32.6294821 earnings per share for the current year.

Insider Activity at Burberry Group

In other news, insider Orna NiChionna bought 1,208 shares of Burberry Group stock in a transaction on Friday, September 5th. The stock was acquired at an average cost of GBX 1,234 per share, for a total transaction of £14,906.72. Insiders own 0.63% of the company’s stock.

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.