Jefferies Financial Group Reaffirms Underperform Rating for Burberry Group (LON:BRBY)

Burberry Group (LON:BRBY)‘s stock had its “underperform” rating reissued by analysts at Jefferies Financial Group in a research report issued on Wednesday,London Stock Exchange reports. They currently have a GBX 940 target price on the stock. Jefferies Financial Group’s target price points to a potential downside of 12.80% from the stock’s current price.

A number of other equities analysts also recently issued reports on BRBY. UBS Group reaffirmed a “buy” rating and issued a GBX 1,410 price target on shares of Burberry Group in a report on Monday, May 11th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,400 price objective on shares of Burberry Group in a research report on Tuesday, May 19th. JPMorgan Chase & Co. upped their target price on shares of Burberry Group from GBX 950 to GBX 980 and gave the company an “underweight” rating in a report on Friday, May 15th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,080 target price on shares of Burberry Group in a research report on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,480 price target on shares of Burberry Group in a research note on Monday, May 18th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 1,322.22.

Burberry Group Stock Performance

Shares of BRBY stock opened at GBX 1,078 on Wednesday. The company has a market cap of £3.87 billion, a P/E ratio of 182.71, a PEG ratio of 1.66 and a beta of 1.48. The firm has a fifty day moving average price of GBX 1,143.71 and a 200 day moving average price of GBX 1,166.21. The company has a current ratio of 1.87, a quick ratio of 1.63 and a debt-to-equity ratio of 162.02. Burberry Group has a 12 month low of GBX 976 and a 12 month high of GBX 1,376.50.

Burberry Group (LON:BRBY) last released its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.20 EPS 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 for the quarter. Sell-side analysts predict that Burberry Group will post 32.6294821 earnings per share for the current fiscal year.

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.