Burberry Group plc (LON:BRBY) Receives Consensus Rating of “Hold” from Analysts

Burberry Group plc (LON:BRBY) has earned an average recommendation of “Hold” from the nine research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 1,322.22.

A number of analysts have recently commented on BRBY shares. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,400 target price on shares of Burberry Group in a research note on Tuesday, May 19th. Citigroup dropped their target price on Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating on the stock in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,480 price target on shares of Burberry Group in a research report on Monday, May 18th. JPMorgan Chase & Co. raised their price objective on shares of Burberry Group from GBX 950 to GBX 980 and gave the stock an “underweight” rating in a research note on Friday, May 15th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 940 price objective on shares of Burberry Group in a research note on Wednesday, June 24th.

Burberry Group Trading Down 1.1%

LON BRBY opened at GBX 1,037.50 on Wednesday. Burberry Group has a 1 year low of GBX 976 and a 1 year high of GBX 1,376.50. 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 capitalization of £3.73 billion, a PE ratio of 175.85, a P/E/G ratio of 1.66 and a beta of 0.68. The company has a fifty day moving average of GBX 1,112.26 and a 200 day moving average of GBX 1,144.25.

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

Insider Buying and Selling

In other news, insider Kate Ferry purchased 32,026 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average price of GBX 1,089 per share, for a total transaction of £348,763.14. Corporate insiders own 0.63% of the company’s stock.

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.