Shares of Burberry Group plc (LON:BRBY - Get Free Report) traded down 7.1% during trading on Wednesday . 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 were traded 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 Ratings Changes
BRBY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 1,000 price target on shares of Burberry Group in a research note on Monday, July 21st. Citigroup increased their price target on shares of Burberry Group from GBX 1,250 to GBX 1,600 and gave the company a "buy" rating in a research note on Monday, July 28th. Finally, HSBC reissued a "buy" rating and issued a GBX 1,600 price target on shares of Burberry Group in a research note on Tuesday, September 2nd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 1,350.
Read Our Latest Stock Report on Burberry Group
Burberry Group Trading Down 3.0%
The stock has a market cap of £3.85 billion, a PE ratio of -5,129.19, a P/E/G ratio of 1.66 and a beta of 1.06. The business's fifty day moving average is GBX 1,238.74 and its 200 day moving average is GBX 1,023.23. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 136.53.
Insider Buying and Selling
In related news, insider Orna NiChionna acquired 1,208 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were purchased at an average price of GBX 1,234 per share, with a total value of £14,906.72. Also, insider Kate Ferry acquired 3,228 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were bought at an average cost of GBX 1,100 per share, for a total transaction of £35,508. Over the last 90 days, insiders have purchased 34,180 shares of company stock valued at $36,837,808. Corporate insiders own 0.63% of the company's stock.
About Burberry Group
(
Get Free Report)
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.
Featured Stories
Before you consider Burberry Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Burberry Group wasn't on the list.
While Burberry Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
