Burberry Group plc (LON:BRBY) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Burberry has a consensus rating of Moderate Buy from eight brokerages (six buys, two sells), with an average 12‑month price target of GBX 1,340.
• Several analysts recently moved targets and ratings — notably Citi raised its target to GBX 1,590, UBS and Barclays maintained/raised buy/overweight calls (targets around GBX 1,570/1,450), while Deutsche Bank trimmed its target to GBX 1,480.
• Insider Stella King bought 608 shares at GBX 1,024 on March 20; insiders now own about 0.65% of the company’s stock.

Shares of Burberry Group plc (LON:BRBY - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 1,340.

Several equities research analysts have issued reports on the stock. UBS Group reaffirmed a "buy" rating and set a GBX 1,570 price target on shares of Burberry Group in a research note on Friday, January 16th. Barclays raised shares of Burberry Group to an "overweight" rating and upped their price objective for the company from GBX 1,340 to GBX 1,450 in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Burberry Group from GBX 1,550 to GBX 1,480 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 1,400 target price on shares of Burberry Group in a research note on Thursday, January 22nd. Finally, Citigroup boosted their price target on Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a "buy" rating in a report on Monday, January 26th.

Insider Buying and Selling

In other Burberry Group news, insider Stella King bought 608 shares of the company's stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average cost of GBX 1,024 per share, for a total transaction of £6,225.92. Insiders own 0.65% of the company's stock.

Burberry Group Stock Down 0.9%

BRBY opened at GBX 1,120.30 on Friday. The business's fifty day simple moving average is GBX 1,111.87 and its 200 day simple moving average is GBX 1,183.22. Burberry Group has a 52 week low of GBX 715.80 and a 52 week high of GBX 1,376.50. The firm has a market cap of £4.01 billion, a P/E ratio of -155.60, a PEG ratio of 1.66 and a beta of 0.68. The company has a quick ratio of 1.63, a current ratio of 1.88 and a debt-to-equity ratio of 173.32.

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. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks. It sells its products through Burberry mainline stores, concessions, outlets, digital commerce, Burberry franchisees, department stores, and multi-brand specialty accounts, as well as through Burberry.com website.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.