Insider Buying: Burberry Group (LON:BRBY) Insider Buys 608 Shares of Stock

Burberry Group plc (LON:BRBY) insider Stella King acquired 608 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of GBX 1,024 per share, with a total value of £6,225.92.

Burberry Group Trading Up 2.3%

Shares of BRBY opened at GBX 1,038 on Monday. Burberry Group plc has a 1-year low of GBX 597 and a 1-year high of GBX 1,376.50. The company has a market capitalization of £3.72 billion, a P/E ratio of -144.17, a P/E/G ratio of 1.66 and a beta of 0.70. 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 simple moving average is GBX 1,157.21 and its 200 day simple moving average is GBX 1,193.63.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BRBY shares. Barclays upgraded shares of Burberry Group to an “overweight” rating and raised their price objective for the company from GBX 1,340 to GBX 1,450 in a research report on Tuesday, January 27th. JPMorgan Chase & Co. cut Burberry Group to an “underweight” rating and increased their target price for the company from GBX 850 to GBX 950 in a research note on Friday, November 28th. UBS Group restated a “buy” rating and set a GBX 1,570 price target on shares of Burberry Group in a research report on Friday, January 16th. Citigroup upped their price objective on Burberry Group from GBX 1,570 to GBX 1,590 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,400 price objective on shares of Burberry Group in a report on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, Burberry Group has a consensus rating of “Moderate Buy” and an average target price of GBX 1,348.75.

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.