Burberry Group (LON:BRBY) Price Target Raised to GBX 680 at Jefferies Financial Group

Key Points

• Jefferies Financial Group raised Burberry Group's price target from GBX 580 to GBX 680, maintaining an "underperform" rating, indicating a potential downside of 39.37% from the stock's previous close.
• Other analysts, including Citigroup and HSBC, have set higher price targets of GBX 1,600, reflecting varying perspectives on the stock's performance.
• Burberry Group's stock is currently trading at GBX 1,121.50, with a consensus rating of "Hold" and an average target price of GBX 1,216.

Burberry Group (LON:BRBY - Get Free Report) had its price objective increased by research analysts at Jefferies Financial Group from GBX 580 to GBX 680 in a research note issued to investors on Tuesday,Digital Look reports. The brokerage presently has an "underperform" rating on the stock. Jefferies Financial Group's target price points to a potential downside of 39.37% from the stock's previous close.

BRBY has been the subject of several other research reports. Citigroup boosted their price objective on Burberry Group from GBX 1,250 to GBX 1,600 and gave the stock a "buy" rating in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 1,000 price target on shares of Burberry Group in a report on Monday, July 21st. Finally, HSBC reissued a "buy" rating and issued a GBX 1,600 price objective on shares of Burberry Group in a research report on Tuesday, September 2nd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of GBX 1,216.

Burberry Group Stock Performance

LON:BRBY opened at GBX 1,121.50 on Tuesday. The company's 50 day moving average is GBX 1,224.94 and its 200-day moving average is GBX 1,025.01. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 136.53. Burberry Group has a 12 month low of GBX 597 and a 12 month high of GBX 1,375. The firm has a market cap of £4.03 billion, a price-to-earnings ratio of -5,366.03, a P/E/G ratio of 1.66 and a beta of 1.06.

Insider Buying and Selling at Burberry Group

In other Burberry Group news, insider Orna NiChionna acquired 1,208 shares of Burberry Group stock in a transaction on Friday, September 5th. The shares were purchased at an average cost of GBX 1,234 per share, with a total value of £14,906.72. Also, insider Kate Ferry bought 3,228 shares of the stock in a transaction on Friday, June 27th. The shares were acquired at an average cost of GBX 1,100 per share, with a total value of £35,508. In the last ninety days, insiders have bought 34,180 shares of company stock worth $36,837,808. Insiders own 0.63% 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.

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