Burberry Group (LON:BRBY) Given Hold Rating at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Burberry Group (LON:BRBY) in a report released on Thursday,Digital Look reports. They currently have a GBX 1,080 price target on the stock.

Several other analysts also recently commented on BRBY. Citigroup reduced their price objective on shares of Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating for the company in a research report on Monday, June 1st. JPMorgan Chase & Co. boosted their target price on shares of Burberry Group from GBX 950 to GBX 980 and gave the company an “underweight” rating in a research report on Friday, May 15th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,400 target price on shares of Burberry Group in a research note on Monday. Jefferies Financial Group restated an “underperform” rating and issued a GBX 940 price target on shares of Burberry Group in a report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,480 price target on shares of Burberry Group in a research note on Monday, May 18th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Burberry Group has an average rating of “Hold” and an average price target of GBX 1,322.22.

Burberry Group Stock Down 1.5%

Shares of Burberry Group stock opened at GBX 1,034.50 on Thursday. The stock’s 50-day moving average is GBX 1,105.81 and its 200 day moving average is GBX 1,138.27. 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 £3.72 billion, a price-to-earnings ratio of 175.34, a PEG ratio of 1.66 and a beta of 0.68. The company has a debt-to-equity ratio of 162.02, a current ratio of 1.87 and a quick ratio of 1.63.

Burberry Group (LON:BRBY) last issued its earnings results on Thursday, May 14th. The company reported GBX 15.20 earnings per share for the quarter. Burberry Group had a return on equity of 2.29% and a net margin of 0.87%.The business had revenue of GBX 242 billion during the quarter. Equities research analysts anticipate that Burberry Group will post 32.6294821 EPS for the current year.

Insider Buying and Selling at Burberry Group

In other news, insider Kate Ferry bought 32,026 shares of the stock in a transaction dated Thursday, June 25th. The shares were bought at an average cost of GBX 1,089 per share, with a total value of £348,763.14. 0.63% of the stock is owned by insiders.

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.