Burberry Group plc (LON:BRBY) Receives Average Recommendation of “Hold” from Brokerages

Burberry Group plc (LON:BRBYGet Rating) has received a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 1,870 ($22.60).

A number of equities research analysts recently issued reports on BRBY shares. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 1,700 ($20.54) price objective on shares of Burberry Group in a research note on Tuesday, July 19th. Berenberg Bank lowered their price objective on Burberry Group from GBX 2,050 ($24.77) to GBX 1,730 ($20.90) and set a “hold” rating on the stock in a research note on Tuesday. Barclays reiterated an “equal weight” rating and set a GBX 2,070 ($25.01) price target on shares of Burberry Group in a research report on Monday, July 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 1,900 ($22.96) price target on shares of Burberry Group in a research report on Friday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,950 ($23.56) price target on shares of Burberry Group in a research report on Monday, July 18th.

Burberry Group Trading Up 0.6 %

Shares of Burberry Group stock opened at GBX 1,711.50 ($20.68) on Friday. Burberry Group has a 52-week low of GBX 1,473.50 ($17.80) and a 52-week high of GBX 2,074 ($25.06). The stock’s 50-day simple moving average is GBX 1,729.22 and its 200 day simple moving average is GBX 1,676.90. The stock has a market capitalization of £6.75 billion and a P/E ratio of 1,782.81. The company has a debt-to-equity ratio of 86.64, a quick ratio of 1.94 and a current ratio of 2.53.

Insider Transactions at Burberry Group

In other news, insider Jonathan Akeroyd sold 49,037 shares of the business’s stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of GBX 1,619 ($19.56), for a total transaction of £793,909.03 ($959,290.76). Over the last 90 days, insiders sold 83,434 shares of company stock valued at $135,045,529.

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 provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.

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Analyst Recommendations for Burberry Group (LON:BRBY)

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