Burberry Group’s (BRBY) Hold Rating Reiterated at Berenberg Bank

Burberry Group (LON:BRBY)‘s stock had its “hold” rating reaffirmed by Berenberg Bank in a report issued on Wednesday,Digital Look reports. They presently have a GBX 1,080 target price on the stock. Berenberg Bank’s target price would indicate a potential downside of 1.19% from the stock’s previous close.

Several other equities analysts also recently commented on BRBY. Barclays upgraded shares of Burberry Group to an “overweight” rating and boosted their price target for the stock from GBX 1,340 to GBX 1,450 in a research note on Tuesday, January 27th. Jefferies Financial Group restated an “underperform” rating and issued a GBX 940 price target on shares of Burberry Group in a research note on Friday, May 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,400 price target on shares of Burberry Group in a research report on Tuesday. Citigroup increased their price target on Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, JPMorgan Chase & Co. increased their price target on Burberry Group from GBX 950 to GBX 980 and gave the company an “underweight” rating in a research report on Friday, May 15th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Burberry Group currently has a consensus rating of “Hold” and an average price target of GBX 1,325.56.

Burberry Group Stock Down 2.2%

Shares of BRBY opened at GBX 1,093 on Wednesday. The stock has a market capitalization of £3.92 billion, a PE ratio of -151.81, a P/E/G ratio of 1.66 and a beta of 0.68. Burberry Group has a 1 year low of GBX 939.20 and a 1 year high of GBX 1,376.50. 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 company’s 50-day simple moving average is GBX 1,110.40 and its 200-day simple moving average is GBX 1,174.53.

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

Insider Buying and Selling

In other news, insider Stella King bought 608 shares of Burberry Group stock in a transaction dated Friday, March 20th. The stock was acquired at an average cost of GBX 1,024 per share, with a total value of £6,225.92. 0.54% of the stock is owned by corporate insiders.

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.