Berenberg Bank Reaffirms Hold Rating for Burberry Group (LON:BRBY)

Burberry Group (LON:BRBY)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a research report issued on Monday,London Stock Exchange reports. They currently have a GBX 1,080 price target on the stock. Berenberg Bank’s target price indicates a potential downside of 6.13% from the company’s current price.

BRBY has been the subject of a number of other research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,400 target price on shares of Burberry Group in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,480 target price on shares of Burberry Group in a report on Monday, May 18th. JPMorgan Chase & Co. increased their price target on shares of Burberry Group from GBX 950 to GBX 980 and gave the stock an “underweight” rating in a research note on Friday, May 15th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 940 price target on shares of Burberry Group in a research note on Friday, May 15th. Finally, Citigroup cut their price target 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. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 1,322.22.

Burberry Group Price Performance

Shares of LON BRBY traded down GBX 3.50 during trading hours on Monday, reaching GBX 1,150.50. 1,292,589 shares of the stock traded hands, compared to its average volume of 31,477,914. The company’s 50-day simple moving average is GBX 1,142.50 and its two-hundred day simple moving average is GBX 1,167.92. The company has a market capitalization of £4.13 billion, a P/E ratio of 195.00, a price-to-earnings-growth ratio of 1.66 and a beta of 0.68. Burberry Group has a 52-week low of GBX 976 and a 52-week high of GBX 1,376.50. The company has a quick ratio of 1.63, a current ratio of 1.87 and a debt-to-equity ratio of 162.02.

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

Insider Buying and Selling at Burberry Group

In other Burberry Group news, insider Stella King purchased 608 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were acquired at an average price of GBX 1,024 per share, for a total transaction of £6,225.92. 0.54% of the stock is owned by corporate 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.