Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Burberry Group (LON:BRBY) Stock Price

Burberry Group (LON:BRBY) had its price target cut by Deutsche Bank Aktiengesellschaft from GBX 1,550 to GBX 1,480 in a research note issued on Wednesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 35.66% from the stock’s previous close.

A number of other analysts also recently commented on BRBY. 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 research report on Tuesday, January 27th. 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 Thursday, January 22nd. UBS Group restated a “buy” rating and issued a GBX 1,570 target price on shares of Burberry Group in a research note on Friday, January 16th. Finally, Citigroup raised their target price on Burberry Group from GBX 1,570 to GBX 1,590 and gave the stock a “buy” rating in a research report on Monday, January 26th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,340.

Burberry Group Stock Down 0.6%

LON BRBY opened at GBX 1,091 on Wednesday. The company has a debt-to-equity ratio of 173.32, a quick ratio of 1.63 and a current ratio of 1.88. The firm has a 50-day simple moving average of GBX 1,117.60 and a 200 day simple moving average of GBX 1,185.67. Burberry Group has a twelve month low of GBX 597 and a twelve month high of GBX 1,376.50. The stock has a market cap of £3.91 billion, a PE ratio of -151.53, a PEG ratio of 1.66 and a beta of 0.70.

Insider Buying and Selling

In other Burberry Group news, insider Stella King purchased 608 shares of the business’s stock in a transaction on Friday, March 20th. The stock was purchased at an average price of GBX 1,024 per share, for a total transaction of £6,225.92. 0.63% of the stock is currently 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.