Burberry Group (LON:BRBY) Given New GBX 1,560 Price Target at Citigroup

Burberry Group (LON:BRBY) had its price objective lowered by Citigroup from GBX 1,590 to GBX 1,560 in a report released on Monday,Digital Look reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 33.56% from the company’s previous close.

BRBY has been the subject of a number of other research reports. UBS Group restated a “buy” rating and set a GBX 1,410 target price on shares of Burberry Group in a report on Monday, May 11th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,400 target price on shares of Burberry Group in a report on Tuesday, May 19th. JPMorgan Chase & Co. upped their target price on Burberry Group from GBX 950 to GBX 980 and gave the company an “underweight” rating in a report on Friday, May 15th. Berenberg Bank restated a “hold” rating and set a GBX 1,080 target price on shares of Burberry Group in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,480 price target on shares of Burberry Group in a research note on Monday, May 18th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 1,322.22.

Burberry Group Price Performance

Shares of Burberry Group stock opened at GBX 1,168 on Monday. 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 company has a market cap of £4.18 billion, a PE ratio of -162.22, a P/E/G ratio of 1.66 and a beta of 0.68. The business has a 50 day moving average of GBX 1,124.60 and a 200 day moving average of GBX 1,171.26. Burberry Group has a 52 week low of GBX 976 and a 52 week high of GBX 1,376.50.

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

Insiders Place Their Bets

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

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.