Stella King Purchases 608 Shares of Burberry Group (LON:BRBY) Stock

Burberry Group plc (LON:BRBY) insider Stella King acquired 608 shares of the 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.

Burberry Group Price Performance

Shares of BRBY stock opened at GBX 1,045 on Wednesday. The company has a market capitalization of £3.74 billion, a P/E ratio of -145.14, a P/E/G ratio of 1.66 and a beta of 0.70. The company’s 50-day simple moving average is GBX 1,146.49 and its two-hundred day simple moving average is GBX 1,190.96. Burberry Group plc has a one year low of GBX 597 and a one year high of GBX 1,376.50. The company has a debt-to-equity ratio of 173.32, a current ratio of 1.88 and a quick ratio of 1.63.

Analyst Upgrades and Downgrades

Several research analysts have commented on BRBY shares. Barclays upgraded Burberry Group to an “overweight” rating and raised their price objective for the stock from GBX 1,340 to GBX 1,450 in a report on Tuesday, January 27th. JPMorgan Chase & Co. cut Burberry Group to an “underweight” rating and upped their target price for the stock from GBX 850 to GBX 950 in a report on Friday, November 28th. UBS Group reissued a “buy” rating and set a GBX 1,570 price target on shares of Burberry Group in a research report on Friday, January 16th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,400 price target on shares of Burberry Group in a research note on Thursday, January 22nd. Finally, Citigroup lifted their price objective on Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a “buy” rating in a report on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,348.75.

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.