Burberry Group (LON:BRBY) Hits New 1-Year High - What's Next?

Key Points

• Burberry Group plc reached a new 52-week high with its shares trading as high as GBX 1,520.50 ($20.41) on Wednesday, although it last traded at GBX 1,250.50 ($16.79).
• Analysts have varying opinions on Burberry's stock, with HSBC and Citigroup rating it as a "buy" with target prices of GBX 1,600, while others like Jefferies have rated it "underperform."
• Burberry has a market cap of £4.52 billion and insider Orna NiChionna recently purchased 1,208 shares, reflecting confidence in the company's future.

Burberry Group plc (LON:BRBY - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as GBX 1,520.50 ($20.41) and last traded at GBX 1,250.50 ($16.79), with a volume of 614699 shares. The stock had previously closed at GBX 1,238.50 ($16.63).

Analyst Ratings Changes

A number of analysts have weighed in on BRBY shares. HSBC restated a "buy" rating and set a GBX 1,600 target price on shares of Burberry Group in a report on Tuesday, September 2nd. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 1,400 price objective on shares of Burberry Group in a report on Thursday, September 25th. Citigroup increased their price objective on Burberry Group from GBX 1,250 to GBX 1,600 and gave the company a "buy" rating in a report on Monday, July 28th. Jefferies Financial Group increased their price objective on Burberry Group from GBX 580 to GBX 680 and gave the company an "underperform" rating in a report on Tuesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 1,000 price objective on shares of Burberry Group in a report on Monday, July 21st. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Burberry Group currently has a consensus rating of "Hold" and a consensus price target of GBX 1,256.

Burberry Group Trading Up 1.1%

The firm has a market cap of £4.52 billion, a price-to-earnings ratio of -5,992.82, a PEG ratio of 1.66 and a beta of 1.06. The company has a fifty day moving average price of GBX 1,195.13 and a 200-day moving average price of GBX 1,041.89. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53.

Insider Activity

In related news, insider Orna NiChionna acquired 1,208 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was acquired at an average price of GBX 1,234 per share, with a total value of £14,906.72. 0.65% of the stock is currently owned by company insiders.

About Burberry Group

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.

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