Burberry Group (LON:BRBY)‘s stock had its “neutral” rating reiterated by stock analysts at UBS Group in a research note issued to investors on Tuesday, Stock Target Advisor reports. They presently have a GBX 2,202 ($28.97) target price on the stock, up from their prior target price of GBX 2,175 ($28.61). UBS Group’s price target indicates a potential downside of 4.88% from the company’s previous close.
Other research analysts have also issued reports about the company. BNP Paribas increased their price objective on Burberry Group from GBX 1,700 ($22.36) to GBX 2,050 ($26.97) and gave the company a “neutral” rating in a report on Tuesday, September 17th. Bryan, Garnier & Co increased their price objective on Burberry Group from GBX 1,780 ($23.41) to GBX 1,860 ($24.47) and gave the company a “neutral” rating in a report on Friday, January 10th. Goldman Sachs Group increased their price objective on Burberry Group from GBX 2,177 ($28.64) to GBX 2,200 ($28.94) and gave the company a “neutral” rating in a report on Wednesday, November 27th. Deutsche Bank increased their price objective on Burberry Group from GBX 1,970 ($25.91) to GBX 2,010 ($26.44) and gave the company a “hold” rating in a report on Friday, November 15th. Finally, Royal Bank of Canada increased their price objective on Burberry Group from GBX 1,925 ($25.32) to GBX 1,930 ($25.39) and gave the company an “underperform” rating in a report on Monday. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 2,035.50 ($26.78).
Shares of BRBY stock traded up GBX 2 ($0.03) during mid-day trading on Tuesday, reaching GBX 2,315 ($30.45). The stock had a trading volume of 550,073 shares, compared to its average volume of 2,130,000. The business’s fifty day moving average is GBX 2,162.36 and its 200-day moving average is GBX 2,107.12. The company has a current ratio of 1.69, a quick ratio of 1.06 and a debt-to-equity ratio of 88.99. The firm has a market cap of $9.43 billion and a price-to-earnings ratio of 26.73. Burberry Group has a 1-year low of GBX 1,678 ($22.07) and a 1-year high of GBX 2,362 ($31.07).
In other Burberry Group news, insider Debra L. Lee acquired 450 shares of the company’s stock in a transaction on Friday, December 20th. The shares were bought at an average cost of GBX 2,194 ($28.86) per share, with a total value of £9,873 ($12,987.37).
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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