Burberry Group’s (BRBY) “Underperform” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their underperform rating on shares of Burberry Group (LON:BRBY) in a report published on Thursday,Digital Look reports. The brokerage currently has a GBX 940 target price on the stock.

Several other brokerages have also recently commented on BRBY. Royal Bank Of Canada cut shares of Burberry Group to a “sector perform” rating and reduced their price target for the stock from GBX 1,400 to GBX 1,200 in a research report on Tuesday, September 22nd. Citigroup lowered their price objective 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. Finally, Berenberg Bank restated a “hold” rating and set a GBX 1,080 price objective on shares of Burberry Group in a research note on Thursday, July 23rd. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Burberry Group currently has a consensus rating of “Hold” and a consensus target price of GBX 1,256.25.

Burberry Group Trading Up 1.6%

LON BRBY opened at GBX 1,199.50 on Thursday. The company has a market capitalization of £4.30 billion, a price-to-earnings ratio of 203.31, a price-to-earnings-growth ratio of 1.66 and a beta of 0.70. The company has a debt-to-equity ratio of 159.56, a current ratio of 2.07 and a quick ratio of 1.63. Burberry Group has a 12 month low of GBX 953.40 and a 12 month high of GBX 1,376.50. The company’s fifty day moving average price is GBX 1,055.05 and its two-hundred day moving average price is GBX 1,102.47.

Burberry Group (LON:BRBY) last released its earnings results on Thursday, November 12th. The company reported GBX 3.50 earnings per share for the quarter. The company had revenue of GBX 109.80 billion during the quarter. Burberry Group had a net margin of 0.87% and a return on equity of 2.22%. As a group, research analysts predict that Burberry Group will post 32.63 earnings per share for the current fiscal year.

Latest Burberry Group News

Investors following BRBY have been watching these news items:

• Positive Sentiment: Burberry reported a sharp improvement in first-half adjusted operating profit—up 225% to £62 million—and returned to profit. Reports also pointed to faster sales growth despite a difficult luxury-goods market, supporting the view that the turnaround is gaining traction. Burberry adjusted operating profit jumps 225% as sales growth gathers pace Burberry Group Turns To Profit In H1; Sees Higher Margin, Revenues In FY27
• Positive Sentiment: Investors also have a technical and momentum signal: coverage highlighted that BRBY had risen 13% in November and broken above its 200-day moving average. Up 13% in November, is Burberry one of the FTSE 100’s best recovery shares? Burberry Group stock breaks above 200 day moving average
• Negative Sentiment: Jefferies reaffirmed its “underperform” rating and GBX 940 price target, below the share price cited in the market update. That signals some analysts remain concerned about the recovery’s durability or the stock’s valuation. Jefferies rating and price target

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.