Burberry Group (LON:BRBY) Trading Down 7.1% - Should You Sell?

Key Points

• Burberry Group's stock fell by 7.1% during mid-day trading, reaching a low of GBX 1,152.50 ($15.61), with volume down 68% compared to its average daily trading volume.
• Multiple analysts have set price targets for Burberry, with Citigroup and HSBC both setting targets of GBX 1,600, while Deutsche Bank has a lower target of GBX 1,000.
• Insiders have been actively purchasing shares, with a total of 34,180 shares bought in the last ninety days, indicating confidence in the company's future performance.

Shares of Burberry Group plc (LON:BRBY - Get Free Report) traded down 7.1% during trading on Tuesday . The company traded as low as GBX 1,152.50 ($15.63) and last traded at GBX 1,181.96 ($16.03). 1,956,127 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 6,175,073 shares. The stock had previously closed at GBX 1,272 ($17.25).

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. 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. HSBC restated a "buy" rating and set a GBX 1,600 target price on shares of Burberry Group in a research report on Tuesday, September 2nd. Finally, Citigroup boosted their target price 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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Burberry Group has an average rating of "Moderate Buy" and an average price target of GBX 1,350.

Burberry Group Price Performance

The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53. The firm has a market cap of £3.97 billion, a P/E ratio of -5,287.08, a PEG ratio of 1.66 and a beta of 1.06. The company has a fifty day moving average price of GBX 1,238.74 and a two-hundred day moving average price of GBX 1,023.73.

Insider Activity

In other Burberry Group news, insider Joshua Schulman acquired 29,744 shares of the business's stock in a transaction dated Friday, June 27th. The shares were acquired at an average price of GBX 1,069 per share, for a total transaction 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 shares were acquired at an average price of GBX 1,100 per share, for a total transaction of £35,508. Insiders have acquired 34,180 shares of company stock worth $36,837,808 in the last 90 days. Corporate insiders own 0.63% of the company's stock.

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.