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

Burberry Group plc (LON:BRBY) has earned an average rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 1,322.22.

BRBY has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Burberry Group from GBX 950 to GBX 980 and gave the stock an “underweight” rating in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,480 target price on shares of Burberry Group in a research note on Monday, May 18th. UBS Group reiterated a “buy” rating and set a GBX 1,410 target price on shares of Burberry Group in a research report on Monday, May 11th. Citigroup cut their price target on shares of Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating for the company in a research note on Monday, June 1st. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 940 price target on shares of Burberry Group in a report on Wednesday, June 24th.

Insider Activity

In related news, insider Kate Ferry sold 18,479 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of GBX 1,090, for a total value of £201,421.10. Corporate insiders own 0.66% of the company’s stock.

Burberry Group Price Performance

LON:BRBY opened at GBX 1,169.40 on Friday. The firm has a market capitalization of £4.19 billion, a price-to-earnings ratio of 198.20, a P/E/G ratio of 1.66 and a beta of 0.70. Burberry Group has a 52-week low of GBX 976 and a 52-week high of GBX 1,376.50. The stock has a fifty day moving average of GBX 1,114.87 and a 200 day moving average of GBX 1,126.02. The company has a debt-to-equity ratio of 162.02, a quick ratio of 1.63 and a current ratio of 1.87.

Burberry Group (LON:BRBY) last announced 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 for the quarter. On average, research analysts expect that Burberry Group will post 32.6294821 EPS for the current fiscal year.

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.