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

Burberry Group (LON:BRBY)‘s stock had its “hold” rating reaffirmed by analysts at Berenberg Bank in a report released on Wednesday,Digital Look reports. They currently have a GBX 1,080 target price on the stock. Berenberg Bank’s price target would suggest a potential downside of 1.19% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price target on shares of Burberry Group from GBX 950 to GBX 980 and gave the stock an “underweight” rating in a research report on Friday, May 15th. UBS Group reaffirmed a “buy” rating and issued a GBX 1,410 price target on shares of Burberry Group in a research note on Monday, May 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,400 price target on shares of Burberry Group in a research note on Tuesday. Barclays raised Burberry Group to an “overweight” rating and lifted their price target for the stock from GBX 1,340 to GBX 1,450 in a research note on Tuesday, January 27th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 940 price target on shares of Burberry Group in a research note on Friday, May 15th. Six investment 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. According to MarketBeat.com, Burberry Group has an average rating of “Hold” and a consensus price target of GBX 1,325.56.

Burberry Group Stock Down 2.2%

Shares of BRBY stock opened at GBX 1,093 on Wednesday. The company has a debt-to-equity ratio of 162.02, a quick ratio of 1.63 and a current ratio of 1.87. The stock’s 50-day simple moving average is GBX 1,110.40 and its 200-day simple moving average is GBX 1,174.53. Burberry Group has a fifty-two week low of GBX 939.20 and a fifty-two week high of GBX 1,376.50. The firm has a market capitalization of £3.92 billion, a PE ratio of -151.81, a P/E/G ratio of 1.66 and a beta of 0.68.

Burberry Group (LON:BRBY) last announced its quarterly earnings results on Thursday, May 14th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. The company 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%. Equities analysts expect that Burberry Group will post 32.6294821 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Stella King bought 608 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were bought at an average price of GBX 1,024 per share, with a total value of £6,225.92. 0.54% of the stock is owned by 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.