Brokerages Set Burberry Group plc (LON:BRBY) PT at GBX 1,322.22

Shares of Burberry Group plc (LON:BRBY) have earned an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating 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 weighed in on BRBY shares. Citigroup lowered their target price on Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating on the stock in a research note on Monday, June 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,400 price target on shares of Burberry Group in a report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Burberry Group from GBX 950 to GBX 980 and gave the company an “underweight” rating in a research report on Friday, May 15th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 940 price objective on shares of Burberry Group in a research report on Wednesday, June 24th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 1,080 price objective on shares of Burberry Group in a research note on Tuesday, June 16th.

Burberry Group Stock Performance

LON BRBY opened at GBX 1,076 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 1.87 and a debt-to-equity ratio of 162.02. Burberry Group has a 52-week low of GBX 976 and a 52-week high of GBX 1,376.50. The business’s 50-day moving average price is GBX 1,108.59 and its 200 day moving average price is GBX 1,141.42. The firm has a market cap of £3.87 billion, a P/E ratio of 182.37, a P/E/G ratio of 1.66 and a beta of 0.68.

Burberry Group (LON:BRBY) last posted 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 firm had revenue of GBX 242 billion during the quarter. On average, equities research analysts expect that Burberry Group will post 32.6294821 earnings per share for the current year.

Insider Buying and Selling at Burberry Group

In other news, insider Kate Ferry bought 32,026 shares of the stock in a transaction dated Thursday, June 25th. The shares were acquired at an average price of GBX 1,089 per share, with a total value of £348,763.14. 0.63% of the stock is currently owned by insiders.

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.