Burberry Group plc (LON:BRBY) Receives Average Recommendation of “Hold” from Analysts


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Burberry Group plc (LON:BRBY) has earned an average recommendation of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,702 ($22.24).

A number of equities research analysts recently issued reports on BRBY shares. Bank of America reiterated a “buy” rating and set a GBX 2,000 ($26.13) target price on shares of Burberry Group in a research report on Thursday, March 4th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reiterated a “neutral” rating on shares of Burberry Group in a research report on Monday, March 22nd. JPMorgan Chase & Co. increased their price objective on shares of Burberry Group from GBX 1,850 ($24.17) to GBX 1,900 ($24.82) and gave the stock a “neutral” rating in a report on Monday, March 15th. The Goldman Sachs Group initiated coverage on shares of Burberry Group in a report on Thursday, February 4th. They set a “buy” rating and a GBX 1,690 ($22.08) price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Burberry Group from GBX 1,600 ($20.90) to GBX 1,800 ($23.52) and gave the stock a “hold” rating in a report on Monday, January 18th.

Shares of BRBY stock traded up GBX 20 ($0.26) during mid-day trading on Friday, reaching GBX 2,009 ($26.25). The company’s stock had a trading volume of 511,762 shares, compared to its average volume of 937,209. Burberry Group has a 1-year low of GBX 1,231.50 ($16.09) and a 1-year high of GBX 2,185 ($28.55). The company has a market cap of £8.13 billion and a P/E ratio of 390.00. The company has a debt-to-equity ratio of 137.00, a quick ratio of 1.45 and a current ratio of 1.95. The firm’s 50-day moving average is GBX 1,933.62 and its two-hundred day moving average is GBX 1,735.75.

In other Burberry Group news, insider Debra L. Lee bought 520 shares of Burberry Group stock in a transaction dated Thursday, February 11th. The shares were bought at an average price of GBX 1,725 ($22.54) per share, with a total value of £8,970 ($11,719.36). Also, insider Julie Brown sold 1,885 shares of the firm’s stock in a transaction dated Monday, February 1st. The shares were sold at an average price of GBX 1,728 ($22.58), for a total transaction of £32,572.80 ($42,556.57).

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 offers women, men, and children apparels, as well as accessories. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks.

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Analyst Recommendations for Burberry Group (LON:BRBY)

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