Burberry Group plc (LON:BRBY) Receives GBX 1,325.56 Consensus Target Price from Brokerages

Shares of Burberry Group plc (LON:BRBY) have been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 1,322.22.

Several research analysts have recently commented on the company. Citigroup cut their price objective on Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating for the company in a report on Monday. Berenberg Bank reissued a “hold” rating and set a GBX 1,080 price objective on shares of Burberry Group in a report on Wednesday, May 20th. UBS Group reissued a “buy” rating and set a GBX 1,410 price objective on shares of Burberry Group in a report on Monday, May 11th. JPMorgan Chase & Co. boosted their price objective on Burberry Group from GBX 950 to GBX 980 and gave the stock an “underweight” rating in a report on Friday, May 15th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a GBX 940 price objective on shares of Burberry Group in a report on Friday, May 15th.

Burberry Group Stock Down 0.8%

Shares of LON BRBY opened at GBX 1,169.50 on Tuesday. Burberry Group has a 12 month low of GBX 976 and a 12 month high of GBX 1,376.50. The company has a current ratio of 1.87, a quick ratio of 1.63 and a debt-to-equity ratio of 162.02. The firm has a market capitalization of £4.19 billion, a price-to-earnings ratio of -162.43, a PEG ratio of 1.66 and a beta of 0.68. The business has a 50-day moving average of GBX 1,127.80 and a 200-day moving average of GBX 1,171.01.

Burberry Group (LON:BRBY) last issued its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.20 EPS for the quarter. Burberry Group had a return on equity of 2.29% and a net margin of 0.87%.The company had revenue of GBX 242 billion during the quarter. Sell-side analysts expect that Burberry Group will post 32.6294821 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Stella King bought 608 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was bought 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 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.