Burberry Group plc (LON:BRBY) Stock Has Consensus Price Target of GBX 1,256.25 According to Analysts

Burberry Group plc (LON:BRBY) has received an average rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 1,256.25.

Several research firms have commented on BRBY. Royal Bank Of Canada lowered shares of Burberry Group to a “sector perform” rating and decreased their target price for the company from GBX 1,400 to GBX 1,200 in a report on Tuesday, September 22nd. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 940 price target on shares of Burberry Group in a report on Wednesday, June 24th. Citigroup reduced their price target on shares of Burberry Group from GBX 1,560 to GBX 1,510 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 1,080 price objective on shares of Burberry Group in a research report on Thursday, July 23rd.

Insider Buying and Selling at Burberry Group

In other news, insider Kate Ferry sold 18,479 shares of Burberry Group stock in a transaction on Monday, July 27th. The stock was sold at an average price of GBX 1,090, for a total value of £201,421.10. Corporate insiders own 0.66% of the company’s stock.

Burberry Group Stock Down 0.4%

BRBY stock opened at GBX 1,024 on Monday. Burberry Group has a 52 week low of GBX 953.40 and a 52 week high of GBX 1,376.50. The business has a 50-day simple moving average of GBX 1,081.64 and a 200 day simple moving average of GBX 1,101.26. The company has a quick ratio of 1.63, a current ratio of 1.87 and a debt-to-equity ratio of 162.02. The company has a market cap of £3.67 billion, a PE ratio of 173.56, a price-to-earnings-growth ratio of 1.66 and a beta of 0.70.

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.