Burberry Group plc (LON:BRBY) Receives Consensus Recommendation of “Hold” from Analysts

Burberry Group plc (LON:BRBY) has been given an average recommendation of “Hold” by the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,316.67.

BRBY has been the subject of a number of research analyst reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,080 price target on shares of Burberry Group in a research report on Thursday, July 23rd. Citigroup cut their price objective on Burberry Group from GBX 1,560 to GBX 1,510 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on Burberry Group from GBX 950 to GBX 980 and gave the company an “underweight” rating in a research note on Friday, May 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,400 target price on shares of Burberry Group in a research report on Monday, July 20th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a GBX 940 target price on shares of Burberry Group in a research note on Wednesday, June 24th.

Insider Transactions at Burberry Group

In related news, insider Kate Ferry sold 18,479 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of GBX 1,090, for a total transaction of £201,421.10. Company insiders own 0.66% of the company’s stock.

Burberry Group Price Performance

Burberry Group stock opened at GBX 1,079.50 on Friday. Burberry Group has a 52 week low of GBX 976 and a 52 week high of GBX 1,376.50. The company’s 50 day moving average price is GBX 1,113.82 and its two-hundred day moving average price is GBX 1,123.53. 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 stock has a market cap of £3.87 billion, a P/E ratio of 182.97, a P/E/G ratio of 1.66 and a beta of 0.70.

Burberry Group (LON:BRBY) last announced its earnings results on Thursday, May 14th. The company reported GBX 15.20 earnings per share for the quarter. The firm had revenue of GBX 242 billion for the quarter. Burberry Group had a return on equity of 2.29% and a net margin of 0.87%. On average, equities analysts predict that Burberry Group will post 32.6294821 earnings per share for the current year.

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.