Burberry Group (LON:BRBY) Insider Stella King Purchases 608 Shares of Stock

Burberry Group plc (LON:BRBY) insider Stella King bought 608 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average price of GBX 1,024 per share, with a total value of £6,225.92.

Burberry Group Trading Up 2.9%

BRBY stock opened at GBX 1,043.50 on Tuesday. The company has a debt-to-equity ratio of 173.32, a current ratio of 1.88 and a quick ratio of 1.63. Burberry Group plc has a 1-year low of GBX 597 and a 1-year high of GBX 1,376.50. The business has a 50 day simple moving average of GBX 1,151.82 and a two-hundred day simple moving average of GBX 1,192.26. The company has a market capitalization of £3.74 billion, a price-to-earnings ratio of -144.93, a PEG ratio of 1.66 and a beta of 0.70.

Analyst Ratings Changes

Several equities analysts recently weighed in on BRBY shares. JPMorgan Chase & Co. cut shares of Burberry Group to an “underweight” rating and raised their target price for the company from GBX 850 to GBX 950 in a research note on Friday, November 28th. Barclays raised shares of Burberry Group to an “overweight” rating and increased their price objective for the company from GBX 1,340 to GBX 1,450 in a report on Tuesday, January 27th. Citigroup raised their price objective on Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a “buy” rating in a research report on Monday, January 26th. UBS Group reaffirmed a “buy” rating and issued a GBX 1,570 target price on shares of Burberry Group in a report on Friday, January 16th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,400 target price on shares of Burberry Group in a research report on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,348.75.

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. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks. It sells its products through Burberry mainline stores, concessions, outlets, digital commerce, Burberry franchisees, department stores, and multi-brand specialty accounts, as well as through Burberry.com website.