Burberry Group (LON:BRBY) Given Underperform Rating at Jefferies Financial Group

Burberry Group (LON:BRBY)‘s stock had its “underperform” rating reissued by Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 940 target price on the stock. Jefferies Financial Group‘s price target points to a potential downside of 20.78% from the stock’s previous close.

Several other research firms have also commented on BRBY. Citigroup reduced their price target on shares of Burberry Group from GBX 1,560 to GBX 1,510 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,080 price objective on shares of Burberry Group in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada lowered Burberry Group to a “sector perform” rating and lowered their price objective for the stock from GBX 1,400 to GBX 1,200 in a research report on Tuesday, September 22nd. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 1,256.25.

Burberry Group Price Performance

Shares of BRBY stock opened at GBX 1,186.50 on Thursday. The company has a debt-to-equity ratio of 162.02, a current ratio of 1.87 and a quick ratio of 1.63. The firm’s 50-day moving average is GBX 1,050.87 and its two-hundred day moving average is GBX 1,102.47. Burberry Group has a 12 month low of GBX 953.40 and a 12 month high of GBX 1,376.50. The company has a market capitalization of £4.25 billion, a PE ratio of 201.10, a price-to-earnings-growth ratio of 1.66 and a beta of 0.70.

Burberry Group (LON:BRBY) last posted its earnings results on Thursday, November 12th. The company reported GBX 3.50 earnings per share for the quarter. Burberry Group had a net margin of 0.87% and a return on equity of 2.29%. The company had revenue of GBX 109.80 billion for the quarter. Analysts predict that Burberry Group will post 32.63 earnings per share for the current year.

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.