Burberry Group’s (BRBY) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Burberry Group (LON:BRBY) in a research report sent to investors on Thursday,Digital Look reports. Berenberg Bank currently has a GBX 1,080 target price on the stock.

A number of other research analysts have also issued reports on BRBY. UBS Group reissued a “buy” rating and set a GBX 1,410 target price on shares of Burberry Group in a research note on Monday, May 11th. Citigroup dropped their price target on shares of Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating on the stock in a research note on Monday, June 1st. JPMorgan Chase & Co. lifted their price target on Burberry Group from GBX 950 to GBX 980 and gave the company an “underweight” rating in a report on Friday, May 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,400 price objective on shares of Burberry Group in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,480 price objective on shares of Burberry Group in a report on Monday, May 18th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 1,322.22.

Burberry Group Stock Performance

BRBY stock opened at GBX 1,043 on Thursday. 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 has a market capitalization of £3.75 billion, a price-to-earnings ratio of 176.78, a PEG ratio of 1.66 and a beta of 0.68. Burberry Group has a 1 year low of GBX 976 and a 1 year high of GBX 1,376.50. The stock’s fifty day moving average is GBX 1,105.82 and its two-hundred day moving average is GBX 1,137.60.

Burberry Group (LON:BRBY) last announced its quarterly earnings results on Thursday, May 14th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. Burberry Group had a net margin of 0.87% and a return on equity of 2.29%. The company had revenue of GBX 242 billion during the quarter. On average, research analysts predict that Burberry Group will post 32.6294821 EPS for the current year.

Insider Transactions at Burberry Group

In related news, insider Kate Ferry bought 32,026 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average price of GBX 1,089 per share, for a total transaction of £348,763.14. 0.63% of the stock is owned by corporate insiders.

Burberry Group Company Profile

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.