Citigroup Cuts Burberry Group (LON:BRBY) Price Target to GBX 1,510

Burberry Group (LON:BRBY) had its price target cut by Citigroup from GBX 1,560 to GBX 1,510 in a report published on Wednesday,Digital Look reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Jefferies Financial Group restated an “underperform” rating and issued a GBX 940 price target on shares of Burberry Group in a research note on Wednesday, June 24th. JPMorgan Chase & Co. upped their price objective on shares of Burberry Group from GBX 950 to GBX 980 and gave the stock an “underweight” rating in a research report on Friday, May 15th. UBS Group reissued a “buy” rating and issued a GBX 1,410 price objective on shares of Burberry Group in a research note on Monday, May 11th. Berenberg Bank restated a “hold” rating and issued a GBX 1,080 target price on shares of Burberry Group in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,400 target price on shares of Burberry Group in a research note on Monday, July 20th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 1,316.67.

Burberry Group Stock Performance

LON:BRBY opened at GBX 1,079.50 on Wednesday. The stock’s 50-day simple moving average is GBX 1,113.82 and its 200 day simple moving average is GBX 1,123.53. The firm has a market capitalization of £3.87 billion, a PE ratio of 182.97, a price-to-earnings-growth ratio of 1.66 and a beta of 0.70. 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 twelve month low of GBX 976 and a twelve month high of GBX 1,376.50.

Burberry Group (LON:BRBY) last released its earnings results on Thursday, May 14th. The company reported GBX 15.20 earnings per share (EPS) 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, analysts anticipate that Burberry Group will post 32.6294821 EPS for the current fiscal year.

Insider Transactions at Burberry Group

In other Burberry Group news, insider Kate Ferry acquired 32,026 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average price of GBX 1,089 per share, for a total transaction of £348,763.14. 0.66% of the stock is currently owned by company 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.