Burberry Group plc (BRBY.L) – What Are Brokerages Thinking About This Stock?

Burberry Group plc (LON:BRBY) has been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 1,256.25.

A number of equities research analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of Burberry Group from GBX 1,560 to GBX 1,510 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Royal Bank Of Canada lowered Burberry Group to a “sector perform” rating and lowered their target price for the company from GBX 1,400 to GBX 1,200 in a research note on Tuesday, September 22nd. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 1,080 price target on shares of Burberry Group in a research note on Thursday, July 23rd.

Burberry Group Price Performance

Burberry Group stock opened at GBX 1,044 on Friday. Burberry Group has a 52 week low of GBX 953.40 and a 52 week high of GBX 1,376.50. The business’s fifty day moving average is GBX 1,047.61 and its two-hundred day moving average is GBX 1,111.01. 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 firm has a market cap of £3.74 billion, a P/E ratio of 176.95, a P/E/G ratio of 1.66 and a beta of 0.70.

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.