Deutsche Bank Aktiengesellschaft Cuts Burberry Group (LON:BRBY) Price Target to GBX 1,480
by Danessa Lincoln · The Markets DailyBurberry Group (LON:BRBY – Free Report) had its target price lowered by Deutsche Bank Aktiengesellschaft from GBX 1,550 to GBX 1,480 in a report released on Wednesday morning,London Stock Exchange reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.
BRBY has been the subject of several other research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,400 price objective on shares of Burberry Group in a research note on Thursday, January 22nd. UBS Group restated a “buy” rating and set a GBX 1,570 target price on shares of Burberry Group in a research report on Friday, January 16th. Barclays raised shares of Burberry Group to an “overweight” rating and raised their target price for the stock from GBX 1,340 to GBX 1,450 in a report on Tuesday, January 27th. Finally, Citigroup boosted their price target on Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a “buy” rating in a research note on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Burberry Group presently has an average rating of “Moderate Buy” and an average price target of GBX 1,340.
View Our Latest Research Report on BRBY
Burberry Group Stock Performance
Shares of Burberry Group stock opened at GBX 1,091 on Wednesday. The firm has a 50-day moving average of GBX 1,114.91 and a 200-day moving average of GBX 1,185.80. The stock has a market cap of £3.91 billion, a PE ratio of -151.53, a PEG ratio of 1.66 and a beta of 0.70. Burberry Group has a 52-week low of GBX 597 and a 52-week high of GBX 1,376.50. The company has a debt-to-equity ratio of 173.32, a quick ratio of 1.63 and a current ratio of 1.88.
Insider Buying and Selling
In related news, insider Stella King acquired 608 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average price of GBX 1,024 per share, with a total value of £6,225.92. 0.63% of the stock is currently owned by insiders.
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.