Burberry Group (LON:BRBY) Receives “Buy” Rating from HSBC

HSBC restated their buy rating on shares of Burberry Group (LON:BRBY) in a research report report published on Tuesday morning,Digital Look reports. HSBC currently has a GBX 1,600 target price on the stock.

Several other analysts also recently commented on BRBY. Citigroup raised their target price on shares of Burberry Group from GBX 1,250 to GBX 1,600 and gave the stock a “buy” rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,000 price target on shares of Burberry Group in a research note on Monday, July 21st. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 1,350.

Burberry Group Stock Performance

Shares of BRBY stock opened at GBX 1,257 on Tuesday. The company has a debt-to-equity ratio of 136.53, a quick ratio of 1.63 and a current ratio of 1.66. The company has a market capitalization of £4.51 billion, a P/E ratio of -6,014.35, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The company’s 50 day moving average price is GBX 1,235.37 and its two-hundred day moving average price is GBX 1,017.81. Burberry Group has a 52 week low of GBX 555.61 and a 52 week high of GBX 1,375.

Insiders Place Their Bets

In other Burberry Group news, insider Joshua Schulman bought 29,744 shares of Burberry Group stock in a transaction dated Friday, June 27th. The stock was bought at an average price of GBX 1,069 per share, with a total value of £317,963.36. Also, insider Kate Ferry bought 3,228 shares of Burberry Group stock in a transaction dated Friday, June 27th. The stock was acquired at an average cost of GBX 1,100 per share, with a total value of £35,508. Insiders own 0.63% of the company’s stock.

About Burberry Group

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.