Burberry Group (LON:BRBY) Given Hold Rating at Berenberg Bank

Burberry Group (LON:BRBY)‘s stock had its “hold” rating reissued by equities researchers at Berenberg Bank in a report issued on Tuesday,Digital Look reports. They currently have a GBX 1,080 target price on the stock. Berenberg Bank’s target price indicates a potential downside of 5.47% from the company’s current price.

Other analysts have also recently issued reports about the stock. Citigroup dropped their target price on shares of Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating on the stock in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,480 target price on shares of Burberry Group in a report on Monday, May 18th. JPMorgan Chase & Co. increased their price objective on shares of Burberry Group from GBX 950 to GBX 980 and gave the stock an “underweight” rating in a report on Friday, May 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,400 price objective on shares of Burberry Group in a report on Tuesday, May 19th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 940 price objective on shares of Burberry Group in a report on Friday, May 15th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 1,322.22.

Burberry Group Stock Down 1.0%

Shares of LON:BRBY opened at GBX 1,142.50 on Tuesday. The stock has a market capitalization of £4.10 billion, a price-to-earnings ratio of 193.64, a price-to-earnings-growth ratio of 1.66 and a beta of 0.68. Burberry Group has a 1-year low of GBX 976 and a 1-year high of GBX 1,376.50. The company’s fifty day moving average is GBX 1,142.50 and its two-hundred day moving average is GBX 1,167.92. 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 issued its earnings results on Thursday, May 14th. The company reported GBX 15.20 earnings per share for the quarter. The company had revenue of GBX 242 billion for the quarter. Burberry Group had a net margin of 0.87% and a return on equity of 2.29%. Equities analysts anticipate that Burberry Group will post 32.6294821 EPS for the current year.

Insider Transactions at Burberry Group

In related news, insider Stella King bought 608 shares of the firm’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, for a total transaction of £6,225.92. 0.54% of the stock is owned by corporate insiders.

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. 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.