Burberry Group (LON:BRBY) Given Hold Rating at Berenberg Bank

Burberry Group (LON:BRBY)‘s stock had its “hold” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued on Tuesday,Digital Look reports. They presently have a GBX 1,080 price objective on the stock. Berenberg Bank’s price target points to a potential downside of 5.47% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. UBS Group restated a “buy” rating and set a GBX 1,410 price objective on shares of Burberry Group in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,480 price objective on shares of Burberry Group in a research report on Monday, May 18th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,400 price objective on shares of Burberry Group in a research report on Tuesday, May 19th. JPMorgan Chase & Co. raised their price objective on shares of Burberry Group from GBX 950 to GBX 980 and gave the company an “underweight” rating in a research report on Friday, May 15th. Finally, Citigroup reduced their price objective on shares of Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating for the company in a research report on Monday, June 1st. Six 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 1,322.22.

Burberry Group Stock Performance

LON:BRBY opened at GBX 1,142.50 on Tuesday. Burberry Group has a twelve month low of GBX 976 and a twelve month high of GBX 1,376.50. The company has a current ratio of 1.87, a quick ratio of 1.63 and a debt-to-equity ratio of 162.02. The company has a 50-day moving average of GBX 1,142.50 and a 200-day moving average of GBX 1,167.92. The firm has a market cap of £4.10 billion, a price-to-earnings ratio of 193.64, a price-to-earnings-growth ratio of 1.66 and a beta of 0.68.

Burberry Group (LON:BRBY) last posted its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.20 earnings per share for the quarter. Burberry Group had a net margin of 0.87% and a return on equity of 2.29%. The company had revenue of GBX 242 billion during the quarter. 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 acquired 608 shares of Burberry Group stock in a transaction on Friday, March 20th. The stock was bought at an average cost of GBX 1,024 per share, with a total value of £6,225.92. Corporate insiders own 0.54% 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.