Burberry Group (LON:BRBY) Earns Underperform Rating from Jefferies Financial Group

Burberry Group (LON:BRBY)‘s stock had its “underperform” rating restated by research analysts at Jefferies Financial Group in a research report issued on Thursday, Digital Look reports. They presently have a GBX 940 price target on the stock. Jefferies Financial Group‘s price target indicates a potential downside of 20.78% from the company’s current price.

Other equities analysts also recently issued reports about the company. Citigroup lowered their price target on 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 reiterated a “hold” rating and issued a GBX 1,080 price target on shares of Burberry Group in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada cut shares of Burberry Group to a “sector perform” rating and cut their price objective for the stock from GBX 1,400 to GBX 1,200 in a report on Tuesday, September 22nd. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Burberry Group presently has a consensus rating of “Hold” and an average price target of GBX 1,256.25.

Burberry Group Trading Up 8.6%

LON:BRBY opened at GBX 1,186.50 on Thursday. The stock has a 50-day simple moving average of GBX 1,050.87 and a 200-day simple moving average of GBX 1,102.47. The stock has a market cap of £4.25 billion, a P/E ratio of 201.10, a P/E/G ratio of 1.66 and a beta of 0.70. Burberry Group has a 1 year low of GBX 953.40 and a 1 year 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.

Burberry Group (LON:BRBY) last released its quarterly earnings data on Thursday, November 12th. The company reported GBX 3.50 EPS for the quarter. Burberry Group had a return on equity of 2.29% and a net margin of 0.87%. The business had revenue of GBX 109.80 billion for the quarter. As a group, analysts anticipate that Burberry Group will post 32.63 earnings per share for the current fiscal year.

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.