Berenberg Bank Reiterates Hold Rating for Burberry Group (LON:BRBY)

Burberry Group (LON:BRBY)‘s stock had its “hold” rating restated by equities research analysts at Berenberg Bank in a research report issued on Thursday,Digital Look reports. They currently have a GBX 1,080 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 3.55% from the company’s current price.

A number of other equities research analysts have also weighed in on BRBY. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,400 target price on shares of Burberry Group in a report on Monday, July 20th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 940 price objective on shares of Burberry Group in a report on Wednesday, June 24th. Citigroup decreased their price objective on Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating for the company in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,480 price objective on shares of Burberry Group in a research note on Monday, May 18th. Finally, UBS Group restated a “buy” rating and issued a GBX 1,410 target price on shares of Burberry Group in a report on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 1,322.22.

Burberry Group Stock Performance

Shares of BRBY stock opened at GBX 1,043 on Thursday. The firm has a market capitalization of £3.75 billion, a PE ratio of 176.78, a price-to-earnings-growth ratio of 1.66 and a beta of 0.68. The firm has a fifty day simple moving average of GBX 1,105.82 and a two-hundred day simple moving average of GBX 1,137.60. The company has a current ratio of 1.87, a quick ratio of 1.63 and a debt-to-equity ratio of 162.02. Burberry Group has a 12 month low of GBX 976 and a 12 month high of GBX 1,376.50.

Burberry Group (LON:BRBY) last released its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.20 earnings per share for the quarter. The firm had revenue of GBX 242 billion for the quarter. Burberry Group had a net margin of 0.87% and a return on equity of 2.29%. Analysts forecast that Burberry Group will post 32.6294821 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Kate Ferry acquired 32,026 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was purchased at an average price of GBX 1,089 per share, for a total transaction of £348,763.14. Company insiders own 0.63% of the company’s stock.

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.