Burberry Group plc (LON:BRBY) has been assigned an average recommendation of “Hold” from the sixteen brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,981.36 ($25.89).
A number of research analysts have recently commented on the company. Credit Suisse Group increased their price objective on Burberry Group from GBX 1,950 ($25.48) to GBX 2,350 ($30.71) and gave the company a “neutral” rating in a report on Wednesday, July 17th. Main First Bank raised Burberry Group to an “outperform” rating and increased their price objective for the company from GBX 1,800 ($23.52) to GBX 2,150 ($28.09) in a report on Thursday, July 4th. Bryan, Garnier & Co raised Burberry Group to a “neutral” rating in a report on Monday, May 20th. Jefferies Financial Group lowered Burberry Group to an “underperform” rating and increased their price objective for the company from GBX 1,800 ($23.52) to GBX 2,000 ($26.13) in a report on Wednesday, July 17th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Burberry Group in a report on Monday, July 15th.
In other news, insider Julie Brown acquired 1,524 shares of Burberry Group stock in a transaction on Monday, August 5th. The stock was bought at an average price of GBX 2,172 ($28.38) per share, for a total transaction of £33,101.28 ($43,252.69).
LON:BRBY traded down GBX 28 ($0.37) during trading hours on Friday, reaching GBX 2,067 ($27.01). 1,092,665 shares of the company were exchanged, compared to its average volume of 2,130,000. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.70 and a current ratio of 2.51. Burberry Group has a twelve month low of GBX 1,618.50 ($21.15) and a twelve month high of GBX 2,362 ($30.86). The stock has a 50-day moving average of GBX 2,120.23. The firm has a market cap of $8.51 billion and a price-to-earnings ratio of 25.30.
About Burberry Group
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.
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