Burberry Group (LON:BRBY) Price Target Lowered to GBX 1,480 at Deutsche Bank Aktiengesellschaft

Burberry Group (LON:BRBY) had its price objective cut by Deutsche Bank Aktiengesellschaft from GBX 1,550 to GBX 1,480 in a research note issued to investors on Wednesday morning,London Stock Exchange reports. They currently have a buy rating on the stock.

A number of other research firms also recently weighed in on BRBY. Citigroup increased their target price on Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a “buy” rating in a report on Monday, January 26th. UBS Group restated a “buy” rating and set a GBX 1,570 price target on shares of Burberry Group in a research note on Friday, January 16th. Barclays raised shares of Burberry Group to an “overweight” rating and upped their price target for the company from GBX 1,340 to GBX 1,450 in a research report on Tuesday, January 27th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,400 price objective on shares of Burberry Group in a report on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Burberry Group has an average rating of “Moderate Buy” and a consensus price target of GBX 1,340.

Burberry Group Price Performance

LON BRBY opened at GBX 1,091.07 on Wednesday. The stock has a market capitalization of £3.91 billion, a price-to-earnings ratio of -151.54, a PEG ratio of 1.66 and a beta of 0.70. Burberry Group has a 1-year low of GBX 597 and a 1-year high of GBX 1,376.50. The company has a debt-to-equity ratio of 173.32, a current ratio of 1.88 and a quick ratio of 1.63. The business’s fifty day moving average price is GBX 1,121.83 and its 200-day moving average price is GBX 1,186.33.

Insider Buying and Selling

In related news, insider Stella King bought 608 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average cost of GBX 1,024 per share, for a total transaction of £6,225.92. Corporate 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. 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.