UBS Group Reaffirms Buy Rating for Burberry Group (LON:BRBY)

Burberry Group (LON:BRBY)‘s stock had its “buy” rating reissued by research analysts at UBS Group in a research note issued to investors on Friday, MarketBeat Ratings reports. They currently have a GBX 1,575 price target on the stock. UBS Group’s price target would indicate a potential upside of 37.31% from the company’s current price.

A number of other analysts have also recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,400 target price on shares of Burberry Group in a report on Thursday, September 25th. Citigroup increased their price objective on shares of Burberry Group from GBX 1,250 to GBX 1,600 and gave the stock a “buy” rating in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,000 target price on shares of Burberry Group in a research note on Monday, July 21st. HSBC reaffirmed a “buy” rating and set a GBX 1,600 price target on shares of Burberry Group in a research report on Tuesday, September 2nd. Finally, Jefferies Financial Group raised their price objective on Burberry Group from GBX 580 to GBX 680 and gave the company an “underperform” rating in a research report on Tuesday, September 23rd. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,309.17.

Burberry Group Price Performance

BRBY stock opened at GBX 1,147 on Friday. The company has a market cap of £4.14 billion, a PE ratio of -54.88, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53. The stock has a 50-day moving average price of GBX 1,199.96 and a two-hundred day moving average price of GBX 1,128.57. Burberry Group has a 12-month low of GBX 597 and a 12-month high of GBX 1,375.

Insider Activity at Burberry Group

In other Burberry Group news, insider Orna NiChionna purchased 1,208 shares of Burberry Group stock in a transaction that occurred on Friday, September 5th. The stock was purchased at an average price of GBX 1,234 per share, with a total value of £14,906.72. Company insiders own 0.63% of the company’s stock.

Burberry Group Company Profile

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.