Brokerages Set Burberry Group plc (LON:BRBY) Price Target at GBX 1,322.22

Shares of Burberry Group plc (LON:BRBY) have received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,322.22.

A number of equities research analysts recently commented on BRBY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,480 target price on shares of Burberry Group in a research report on Monday, May 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,400 price target on shares of Burberry Group in a research report on Tuesday, May 19th. JPMorgan Chase & Co. increased their price objective on Burberry Group from GBX 950 to GBX 980 and gave the company an “underweight” rating in a report on Friday, May 15th. Berenberg Bank reissued a “hold” rating and issued a GBX 1,080 price objective on shares of Burberry Group in a research report on Tuesday, June 16th. Finally, Citigroup dropped their target price on Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating on the stock in a research note on Monday, June 1st.

Burberry Group Stock Performance

BRBY stock opened at GBX 1,049 on Wednesday. Burberry Group has a one year low of GBX 976 and a one year high of GBX 1,376.50. The firm has a market cap of £3.77 billion, a price-to-earnings ratio of 177.80, a PEG ratio of 1.66 and a beta of 0.68. The company has a debt-to-equity ratio of 162.02, a quick ratio of 1.63 and a current ratio of 1.87. The firm has a 50-day simple moving average of GBX 1,112.26 and a two-hundred day simple moving average of GBX 1,145.05.

Burberry Group (LON:BRBY) last issued its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. Burberry Group had a net margin of 0.87% and a return on equity of 2.29%. The firm had revenue of GBX 242 billion for the quarter. On average, equities analysts forecast that Burberry Group will post 32.6294821 EPS for the current fiscal year.

Insider Buying and Selling

In other Burberry Group news, insider Kate Ferry purchased 32,026 shares of the stock in a transaction on Thursday, June 25th. The stock was acquired at an average price of GBX 1,089 per share, with a total value of £348,763.14. 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. 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.