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.
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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