Burberry Group (LON:BRBY) Lowered to "Hold" Rating by Berenberg Bank

Key Points

• Berenberg Bank downgraded Burberry to a "Hold" with a GBX 1,080 price target, which implies roughly a 6.72% downside from the company's current price.
• Analyst views are mixed: MarketBeat shows a consensus rating of Hold with an average target of GBX 1,311.11, based on six Buy, one Hold and two Sell ratings.
• Burberry opened at GBX 1,157.80 with a market cap of £4.15bn, a negative P/E (-160.81) and a high debt-to-equity (173.32); insider Stella King bought 608 shares at GBX 1,024.

Burberry Group (LON:BRBY - Get Free Report) was downgraded by equities research analysts at Berenberg Bank to a "hold" rating in a research report issued on Tuesday,London Stock Exchange reports. They currently have a GBX 1,080 price objective on the stock. Berenberg Bank's target price points to a potential downside of 6.72% from the company's current price.

Several other research firms also recently commented on BRBY. Barclays raised shares of Burberry Group to an "overweight" rating and increased their target price for the stock from GBX 1,340 to GBX 1,450 in a research report on Tuesday, January 27th. UBS Group reissued a "buy" rating and set a GBX 1,570 target price on shares of Burberry Group in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Burberry Group from GBX 1,550 to GBX 1,480 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 1,400 target price on shares of Burberry Group in a research report on Thursday, January 22nd. Finally, Citigroup raised their price target on Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a "buy" rating in a research report on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of GBX 1,311.11.

Burberry Group Trading Down 0.2%

Burberry Group stock opened at GBX 1,157.80 on Tuesday. The company has a debt-to-equity ratio of 173.32, a current ratio of 1.88 and a quick ratio of 1.63. The company has a market capitalization of £4.15 billion, a price-to-earnings ratio of -160.81, a PEG ratio of 1.66 and a beta of 0.68. Burberry Group has a one year low of GBX 715.80 and a one year high of GBX 1,376.50. The company's fifty day moving average price is GBX 1,111.87 and its two-hundred day moving average price is GBX 1,183.40.

Insider Buying and Selling at Burberry Group

In related news, insider Stella King bought 608 shares of Burberry Group stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average price of GBX 1,024 per share, for a total transaction of £6,225.92. Insiders own 0.65% of the company's stock.

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 provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks. It sells its products through Burberry mainline stores, concessions, outlets, digital commerce, Burberry franchisees, department stores, and multi-brand specialty accounts, as well as through Burberry.com website.

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