Burberry Group (LON:BRBY) Receives “Hold” Rating from Berenberg Bank

by · The Cerbat Gem

Berenberg Bank reissued their hold rating on shares of Burberry Group (LON:BRBY – Free Report) in a research report sent to investors on Monday,London Stock Exchange reports. Berenberg Bank currently has a GBX 1,080 price target on the stock.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,400 price target on shares of Burberry Group in a report on Tuesday, May 19th. JPMorgan Chase & Co. boosted their target price 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,480 price target on shares of Burberry Group in a research note on Monday, May 18th. UBS Group reaffirmed a “buy” rating and set a GBX 1,410 price target on shares of Burberry Group in a report on Monday, May 11th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 940 price objective on shares of Burberry Group in a research report on Friday, May 15th. 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 company. According to data from MarketBeat, Burberry Group has a consensus rating of “Hold” and an average price target of GBX 1,322.22.

View Our Latest Report on BRBY

Burberry Group Stock Up 0.2%

Shares of BRBY traded up GBX 2.50 during mid-day trading on Monday, hitting GBX 1,156.50. 1,346,707 shares of the company’s stock were exchanged, compared to its average volume of 31,478,389. The company has a market cap of £4.15 billion, a price-to-earnings ratio of 196.02, a P/E/G ratio of 1.66 and a beta of 0.68. Burberry Group has a fifty-two week low of GBX 976 and a fifty-two week high of GBX 1,376.50. The company has a debt-to-equity ratio of 162.02, a quick ratio of 1.63 and a current ratio of 1.87. The stock’s 50-day moving average is GBX 1,142.50 and its 200-day moving average is GBX 1,167.92.

Burberry Group (LON:BRBY – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.20 earnings per share for the quarter. Burberry Group had a net margin of 0.87% and a return on equity of 2.29%. The firm had revenue of GBX 242 billion during the quarter. On average, sell-side analysts anticipate that Burberry Group will post 32.6294821 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Stella King purchased 608 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average price of GBX 1,024 per share, with a total value of £6,225.92. 0.54% of the stock is currently owned by corporate insiders.

Burberry Group Company Profile

(Get Free Report)

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.

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