Burberry Group’s (BRBY) Neutral Rating Reiterated at UBS Group
UBS Group reissued their neutral rating on shares of Burberry Group (LON:BRBY) in a research note released on Tuesday morning, Stock Target Advisor reports. The firm currently has a GBX 2,202 ($28.97) target price on the stock, up from their previous target price of GBX 2,175 ($28.61).
BRBY has been the topic of a number of other research reports. Jefferies Financial Group restated an underperform rating on shares of Burberry Group in a research report on Tuesday, December 10th. Deutsche Bank increased their price objective on shares of Burberry Group from GBX 1,970 ($25.91) to GBX 2,010 ($26.44) and gave the company a hold rating in a research report on Friday, November 15th. Bryan, Garnier & Co increased their price objective on shares of Burberry Group from GBX 1,780 ($23.41) to GBX 1,860 ($24.47) and gave the company a neutral rating in a research report on Friday, January 10th. Royal Bank of Canada increased their price objective on shares of Burberry Group from GBX 1,925 ($25.32) to GBX 1,930 ($25.39) and gave the company an underperform rating in a research report on Monday. Finally, Credit Suisse Group lowered their price objective on shares of Burberry Group from GBX 2,700 ($35.52) to GBX 2,650 ($34.86) and set an outperform rating on the stock in a research report on Friday, January 10th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 2,035.50 ($26.78).
LON:BRBY opened at GBX 2,305 ($30.32) on Tuesday. The company’s 50 day moving average price is GBX 2,157.96 and its 200-day moving average price is GBX 2,104.47. Burberry Group has a 52 week low of GBX 1,678 ($22.07) and a 52 week high of GBX 2,362 ($31.07). The company has a quick ratio of 1.06, a current ratio of 1.69 and a debt-to-equity ratio of 88.99. The stock has a market cap of $9.37 billion and a price-to-earnings ratio of 26.62.
In related news, insider Debra L. Lee acquired 450 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were bought at an average price of GBX 2,194 ($28.86) per share, for a total transaction of £9,873 ($12,987.37).
Burberry Group Company Profile
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.
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