Burberry Group (LON:BRBY) Shares Down 7.1% - What's Next?

Key Points

• Burberry Group's stock price fell by 7.1%, trading as low as GBX 1,152.50 ($15.61) after closing at GBX 1,272 ($17.23).
• Analysts maintain a consensus "Moderate Buy" rating for Burberry, with price targets varying from GBX 1,000 to GBX 1,600.
• Insider transactions show confidence in the company, with insiders collectively purchasing 34,180 shares over the last ninety days.

Shares of Burberry Group plc (LON:BRBY - Get Free Report) fell 7.1% during trading on Tuesday . The stock traded as low as GBX 1,152.50 ($15.60) and last traded at GBX 1,181.96 ($16.00). 1,956,127 shares changed hands during trading, a decline of 68% from the average session volume of 6,175,073 shares. The stock had previously closed at GBX 1,272 ($17.22).

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BRBY shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 1,000 target price on shares of Burberry Group in a research report on Monday, July 21st. HSBC restated a "buy" rating and issued a GBX 1,600 target price on shares of Burberry Group in a research note on Tuesday, September 2nd. Finally, Citigroup upped their price target on Burberry Group from GBX 1,250 to GBX 1,600 and gave the stock a "buy" rating in a research note on Monday, July 28th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 1,350.

Burberry Group Stock Performance

The firm has a market cap of £4.09 billion, a P/E ratio of -5,452.15, a PEG ratio of 1.66 and a beta of 1.06. 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 company's 50-day moving average is GBX 1,244.05 and its two-hundred day moving average is GBX 1,022.97.

Insider Buying and Selling

In related news, insider Kate Ferry purchased 3,228 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was acquired at an average price of GBX 1,100 per share, for a total transaction of £35,508. Also, insider Orna NiChionna acquired 1,208 shares of the business's stock in a transaction on Friday, September 5th. The shares were purchased at an average cost of GBX 1,234 per share, for a total transaction of £14,906.72. Over the last 90 days, insiders purchased 34,180 shares of company stock worth $36,837,808. 0.63% of the stock is owned by corporate 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.