Stella King Buys 608 Shares of Burberry Group (LON:BRBY) Stock

Burberry Group plc (LON:BRBY) insider Stella King bought 608 shares of the stock in a transaction on Friday, March 20th. The stock was purchased at an average price of GBX 1,024 per share, for a total transaction of £6,225.92.

Burberry Group Stock Up 2.3%

BRBY stock opened at GBX 1,038 on Monday. The stock has a fifty day moving average of GBX 1,157.21 and a 200-day moving average of GBX 1,193.63. Burberry Group plc has a fifty-two week low of GBX 597 and a fifty-two week high of GBX 1,376.50. The company has a market capitalization of £3.72 billion, a price-to-earnings ratio of -144.17, a PEG ratio of 1.66 and a beta of 0.70. The company has a debt-to-equity ratio of 173.32, a quick ratio of 1.63 and a current ratio of 1.88.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BRBY. JPMorgan Chase & Co. lowered Burberry Group to an “underweight” rating and lifted their target price for the company from GBX 850 to GBX 950 in a report on Friday, November 28th. UBS Group restated a “buy” rating and issued a GBX 1,570 price objective on shares of Burberry Group in a research report on Friday, January 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,400 price objective on shares of Burberry Group in a research note on Thursday, January 22nd. Citigroup upped their target price on shares of Burberry Group from GBX 1,570 to GBX 1,590 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, Barclays upgraded shares of Burberry Group to an “overweight” rating and increased their target price for the stock from GBX 1,340 to GBX 1,450 in a research note on Tuesday, January 27th. Six equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Burberry Group has a consensus rating of “Moderate Buy” and an average price target of GBX 1,348.75.

Burberry Group Company Profile

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.