Burberry Group plc (LON:BRBY) Receives Consensus Rating of “Hold” from Analysts

Burberry Group plc (LON:BRBY) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 1,256.25.

A number of equities analysts have recently commented on the company. Royal Bank Of Canada downgraded Burberry Group to a “sector perform” rating and lowered their price objective for the stock from GBX 1,400 to GBX 1,200 in a research report on Tuesday, September 22nd. Citigroup dropped their target price on shares of Burberry Group from GBX 1,560 to GBX 1,510 and set a “buy” rating for the company in a report on Wednesday, August 12th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,080 target price on shares of Burberry Group in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 940 target price on shares of Burberry Group in a research report on Wednesday, June 24th.

Insider Transactions at Burberry Group

In other Burberry Group news, insider Kate Ferry sold 18,479 shares of Burberry Group stock in a transaction on Monday, July 27th. The stock was sold at an average price of GBX 1,090, for a total transaction of £201,421.10. 0.66% of the stock is owned by corporate insiders.

Burberry Group Stock Performance

Shares of Burberry Group stock opened at GBX 1,010.50 on Monday. The business’s 50 day moving average price is GBX 1,080.64 and its 200 day moving average price is GBX 1,100.56. The company has a market cap of £3.62 billion, a price-to-earnings ratio of 171.27, a PEG ratio of 1.66 and a beta of 0.70. 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 has a one year low of GBX 953.40 and a one year high of GBX 1,376.50.

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.