Burberry Group (LON:BRBY) Receives "Buy" Rating from HSBC

Key Points

• HSBC has restated its "buy" rating for Burberry Group (LON:BRBY) with a price target of GBX 1,600, indicating a potential upside of 27.74% from the current stock price.
• Citigroup also raised their price target for Burberry Group from GBX 1,250 to GBX 1,600, reflecting a bullish sentiment from multiple analysts.
• Insider trading activity indicates confidence in the company, with notable purchases made by insiders at prices around GBX 1,069 to GBX 1,100 per share.

Burberry Group (LON:BRBY - Get Free Report)'s stock had its "buy" rating reissued by analysts at HSBC in a report issued on Tuesday,Digital Look reports. They presently have a GBX 1,600 target price on the stock. HSBC's target price points to a potential upside of 30.13% from the company's current price.

Several other analysts also recently weighed in on BRBY. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 1,000 price objective on shares of Burberry Group in a research report on Monday, July 21st. 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. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of GBX 1,350.

Burberry Group Stock Performance

Shares of LON:BRBY traded down GBX 8.43 on Tuesday, reaching GBX 1,229.57. 86,399,164 shares of the company's stock were exchanged, compared to its average volume of 6,231,297. The business's 50-day moving average is GBX 1,244.52 and its two-hundred day moving average is GBX 1,020.75. 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 fifty-two week low of GBX 555.61 and a fifty-two week high of GBX 1,375. The firm has a market capitalization of £4.42 billion, a price-to-earnings ratio of -5,883.09, a PEG ratio of 1.66 and a beta of 1.06.

Insider Buying and Selling

In other news, insider Joshua Schulman acquired 29,744 shares of the company's stock in a transaction dated Friday, June 27th. The shares were bought at an average price of GBX 1,069 per share, with a total value of £317,963.36. Also, insider Kate Ferry acquired 3,228 shares of the business's stock in a transaction dated Friday, June 27th. The stock was purchased at an average price of GBX 1,100 per share, with a total value of £35,508. Corporate 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.