Burberry Group plc (LON:BRBY) Stock Has Consensus Target Price of GBX 1,256.25

Shares of Burberry Group plc (LON:BRBY) have received an average rating of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 1,256.25.

A number of equities analysts recently weighed in on BRBY shares. Royal Bank Of Canada cut 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 report on Tuesday, September 22nd. Citigroup dropped their price objective on Burberry Group from GBX 1,560 to GBX 1,510 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,080 target price on shares of Burberry Group in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a GBX 940 target price on shares of Burberry Group in a research report on Wednesday, June 24th.

Insider Transactions at Burberry Group

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

Burberry Group Trading Down 0.5%

BRBY stock opened at GBX 1,005 on Monday. Burberry Group has a 52-week low of GBX 953.40 and a 52-week high of GBX 1,376.50. The company has a quick ratio of 1.63, a current ratio of 1.87 and a debt-to-equity ratio of 162.02. The firm has a market cap of £3.60 billion, a P/E ratio of 170.34, a PEG ratio of 1.66 and a beta of 0.70. The company’s 50-day simple moving average is GBX 1,080.64 and its 200-day simple moving average is GBX 1,101.

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.