Burberry Group plc (LON:BRBY) Given Consensus Recommendation of “Hold” by Analysts

Burberry Group plc (LON:BRBY – Get Rating) has been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 2,225 ($27.80).

Several research firms recently weighed in on BRBY. Barclays restated an “equal weight” rating and set a GBX 1,960 ($24.48) price target on shares of Burberry Group in a research report on Friday, April 1st. Royal Bank of Canada restated a “sector perform” rating and set a GBX 1,940 ($24.23) price target on shares of Burberry Group in a research report on Monday, April 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Burberry Group in a research report on Tuesday, February 8th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 2,050 ($25.61) price target on shares of Burberry Group in a research report on Monday, January 31st.

In related news, insider Matthew Key bought 3,140 shares of the company’s stock in a transaction on Friday, March 11th. The shares were acquired at an average cost of GBX 1,581 ($19.75) per share, with a total value of £49,643.40 ($62,015.49). Also, insider Gerry M. Murphy bought 5,000 shares of the company’s stock in a transaction on Monday, March 14th. The stock was bought at an average cost of GBX 1,613 ($20.15) per share, for a total transaction of £80,650 ($100,749.53).

Shares of BRBY stock opened at GBX 1,524 ($19.04) on Friday. The firm has a market cap of £6.05 billion and a P/E ratio of 13.13. Burberry Group has a fifty-two week low of GBX 1,499.80 ($18.74) and a fifty-two week high of GBX 2,267 ($28.32). The business’s 50 day moving average price is GBX 1,638.22 and its 200-day moving average price is GBX 1,788.59. The company has a debt-to-equity ratio of 92.56, a quick ratio of 1.96 and a current ratio of 2.60.

About Burberry Group (Get Rating)

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 offers women, men, and children apparels, as well as accessories. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks.

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