JPMorgan Chase & Co. Reiterates “Neutral” Rating for Burberry Group (LON:BRBY)

Burberry Group (LON:BRBYGet Rating)‘s stock had its “neutral” rating reiterated by research analysts at JPMorgan Chase & Co. in a report issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 1,900 ($23.42) price objective on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 20.06% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 1,940 ($23.92) price target on shares of Burberry Group in a research note on Monday, April 11th. Barclays reaffirmed an “equal weight” rating and set a GBX 1,960 ($24.16) target price on shares of Burberry Group in a report on Friday, April 1st. Berenberg Bank reissued a “hold” rating and issued a GBX 2,050 ($25.27) price target on shares of Burberry Group in a research note on Monday, January 31st. Morgan Stanley reaffirmed an “equal weight” rating on shares of Burberry Group in a research note on Wednesday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 2,280 ($28.11) target price on shares of Burberry Group in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Burberry Group currently has an average rating of “Hold” and an average price target of GBX 2,186.43 ($26.95).

Shares of LON BRBY opened at GBX 1,582.50 ($19.51) on Thursday. The company has a 50 day simple moving average of GBX 1,615.23 and a 200 day simple moving average of GBX 1,769.71. The company has a debt-to-equity ratio of 92.56, a current ratio of 2.60 and a quick ratio of 1.96. Burberry Group has a 1 year low of GBX 1,473.50 ($18.16) and a 1 year high of GBX 2,267 ($27.95). The firm has a market cap of £6.28 billion and a PE ratio of 13.59.

In other news, insider Matthew Key acquired 3,140 shares of the business’s stock in a transaction on Friday, March 11th. The shares were purchased at an average cost of GBX 1,581 ($19.49) per share, with a total value of £49,643.40 ($61,197.49). Also, insider Gerry M. Murphy acquired 5,000 shares of Burberry Group stock in a transaction on Monday, March 14th. The stock was purchased at an average cost of GBX 1,613 ($19.88) per share, with a total value of £80,650 ($99,420.61).

Burberry Group Company Profile (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.

Featured Articles

Analyst Recommendations for Burberry Group (LON:BRBY)

Receive News & Ratings for Burberry Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group and related companies with MarketBeat.com's FREE daily email newsletter.