Burberry Group plc (LON:BRBY) Receives Consensus Rating of “Moderate Buy” from Analysts
by Scott Moore · The Cerbat GemShares of Burberry Group plc (LON:BRBY – Get Free Report) have received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,340.
A number of equities analysts have recently commented on the company. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,400 price objective on shares of Burberry Group in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Burberry Group from GBX 1,550 to GBX 1,480 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Barclays raised Burberry Group to an “overweight” rating and boosted their price objective for the stock from GBX 1,340 to GBX 1,450 in a research report on Tuesday, January 27th. Citigroup boosted their price objective on Burberry Group from GBX 1,570 to GBX 1,590 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, UBS Group reissued a “buy” rating and set a GBX 1,570 price objective on shares of Burberry Group in a research report on Friday, January 16th.
Check Out Our Latest Report on BRBY
Burberry Group Stock Down 3.4%
Shares of LON:BRBY opened at GBX 1,130.62 on Monday. Burberry Group has a 1 year low of GBX 641 and a 1 year high of GBX 1,376.50. The firm has a market capitalization of £4.05 billion, a PE ratio of -157.03, a price-to-earnings-growth ratio of 1.66 and a beta of 0.68. The company has a debt-to-equity ratio of 173.32, a current ratio of 1.88 and a quick ratio of 1.63. The firm’s 50-day moving average is GBX 1,112.86 and its two-hundred day moving average is GBX 1,186.67.
Insider Activity at Burberry Group
In related news, insider Stella King acquired 608 shares of the stock in a transaction dated Friday, March 20th. The stock was acquired at an average cost of GBX 1,024 per share, with a total value of £6,225.92. Corporate insiders own 0.65% 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.