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

Key Points

• Burberry Group's stock experienced a significant drop of 7.1%, trading as low as GBX 1,152.50, with an overall decline in trading volume by 68% compared to its average.
• Analysts maintain a consensus rating of "Moderate Buy" for Burberry Group, with a price target averaging GBX 1,350, despite some differing views on stock ratings from HSBC and Citigroup.
• In insider trading news, insiders bought a total of 34,180 shares valued at approximately £36.84 million in the last quarter, reflecting confidence in the company's future performance.

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

Analyst Ratings Changes

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

Burberry Group Trading Down 3.0%

The company's 50-day moving average is GBX 1,238.74 and its 200-day moving average is GBX 1,023.23. The firm has a market cap of £3.85 billion, a price-to-earnings ratio of -5,129.19, a P/E/G ratio of 1.66 and a beta of 1.06. The company has a debt-to-equity ratio of 136.53, a quick ratio of 1.63 and a current ratio of 1.66.

Insider Buying and Selling

In related news, insider Kate Ferry purchased 3,228 shares of Burberry Group stock in a transaction that occurred on Friday, June 27th. The shares were acquired at an average price of GBX 1,100 per share, for a total transaction of £35,508. Also, insider Orna NiChionna purchased 1,208 shares of Burberry Group stock in a transaction that occurred on Friday, September 5th. The shares were bought at an average price of GBX 1,234 per share, for a total transaction of £14,906.72. Insiders have purchased a total of 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.

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.