Burberry Group (LON:BRBY) Hits New 52-Week Low – Here’s What Happened

Burberry Group plc (LON:BRBY)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 977.60 and last traded at GBX 977.60, with a volume of 567683188 shares traded. The stock had previously closed at GBX 997.60.

Analysts Set New Price Targets

BRBY has been the subject of several recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,400 price target on shares of Burberry Group in a research report on Monday, July 20th. Citigroup cut their target price on Burberry Group from GBX 1,560 to GBX 1,510 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 940 price target on shares of Burberry Group in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,480 price target on shares of Burberry Group in a report on Monday, May 18th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 1,080 price objective on shares of Burberry Group in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Burberry Group currently has an average rating of “Hold” and an average target price of GBX 1,281.25.

Burberry Group Stock Down 2.0%

The company has a debt-to-equity ratio of 162.02, a current ratio of 1.87 and a quick ratio of 1.63. The company has a market cap of £3.50 billion, a PE ratio of 165.69, a price-to-earnings-growth ratio of 1.66 and a beta of 0.70. The company has a fifty day moving average price of GBX 1,097.18 and a 200 day moving average price of GBX 1,109.20.

Insider Transactions at Burberry Group

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