Burberry Group (LON:BRBY) Receives “Equal Weight” Rating from Morgan Stanley

Burberry Group (LON:BRBYGet Rating)‘s stock had its “equal weight” rating reiterated by equities researchers at Morgan Stanley in a research note issued to investors on Wednesday, Digital Look reports.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Burberry Group in a report on Tuesday, February 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 1,940 ($23.92) price objective on shares of Burberry Group in a research note on Monday, April 11th. Barclays restated an “equal weight” rating and issued a GBX 1,960 ($24.16) target price on shares of Burberry Group in a research note on Friday, April 1st. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 2,050 ($25.27) price target on shares of Burberry Group in a research report on Monday, January 31st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Burberry Group currently has a consensus rating of “Hold” and a consensus target price of GBX 2,229.17 ($27.48).

LON BRBY opened at GBX 1,567.50 ($19.33) on Wednesday. The firm has a market cap of £6.22 billion and a P/E ratio of 13.39. The company has a quick ratio of 1.96, a current ratio of 2.60 and a debt-to-equity ratio of 92.56. The company’s 50 day moving average is GBX 1,622.84 and its 200-day moving average is GBX 1,783. Burberry Group has a 12-month low of GBX 1,473.50 ($18.17) and a 12-month high of GBX 2,267 ($27.95).

In related news, insider Matthew Key acquired 3,140 shares of the company’s stock in a transaction dated Friday, March 11th. The stock was bought at an average cost of GBX 1,581 ($19.49) per share, with a total value of £49,643.40 ($61,205.03). Also, insider Gerry M. Murphy bought 5,000 shares of Burberry Group stock in a transaction that occurred on Monday, March 14th. The stock was purchased at an average cost of GBX 1,613 ($19.89) per share, for a total transaction of £80,650 ($99,432.87).

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.

Further Reading

Analyst Recommendations for Burberry Group (LON:BRBY)

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