Burberry Group plc (LON:BRBY) Given Average Rating of “Hold” by Brokerages

Shares of Burberry Group plc (LON:BRBY) have earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 1,322.22.

A number of equities research analysts recently issued reports on BRBY shares. UBS Group reissued a “buy” rating and issued a GBX 1,410 price objective on shares of Burberry Group in a report on Monday, May 11th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 940 price target on shares of Burberry Group in a research report on Friday, May 15th. JPMorgan Chase & Co. increased their price target on shares of Burberry Group from GBX 950 to GBX 980 and gave the stock an “underweight” rating in a research report on Friday, May 15th. Citigroup reduced their price target on shares of Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating on the stock in a research report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,480 price target on shares of Burberry Group in a research report on Monday, May 18th.

Burberry Group Price Performance

Burberry Group stock opened at GBX 1,134.50 on Friday. Burberry Group has a 52-week low of GBX 976 and a 52-week high of GBX 1,376.50. The firm has a market capitalization of £4.08 billion, a price-to-earnings ratio of 192.29, a PEG ratio of 1.66 and a beta of 0.68. The company has a fifty day simple moving average of GBX 1,145.77 and a 200-day simple moving average of GBX 1,167.16. The company has a quick ratio of 1.63, a current ratio of 1.87 and a debt-to-equity ratio of 162.02.

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

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.