Burberry Group plc (LON:BRBY) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Burberry has a consensus “Hold” rating from nine analysts: six rate it a buy, one a hold and two a sell. The average 12-month price target is GBX 1,322.22, compared with a recent price of GBX 1,181.18.
• Analyst targets range from GBX 980 at JPMorgan, which rates the stock “underweight,” to GBX 1,480 at Deutsche Bank, which rates it “buy.” RBC, UBS and Deutsche Bank remain positive, while Berenberg maintains a “hold” view.
• Burberry reported quarterly EPS of GBX 15.20 on revenue of GBX 242 billion, with a 0.87% net margin and 2.29% return on equity. Insider Kate Ferry also purchased 32,026 shares worth approximately £348,763.

Shares of Burberry Group plc (LON:BRBY - Get Free Report) have been given a consensus rating of "Hold" by the nine research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,322.22.

Several research firms have weighed in on BRBY. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 1,400 price objective on shares of Burberry Group in a research report on Monday, July 20th. JPMorgan Chase & Co. increased their target price on Burberry Group from GBX 950 to GBX 980 and gave the company an "underweight" rating in a report on Friday, May 15th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 1,080 target price on shares of Burberry Group in a research report on Thursday, July 23rd. UBS Group reiterated a "buy" rating and set a GBX 1,410 price target on shares of Burberry Group in a report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 1,480 price target on shares of Burberry Group in a research report on Monday, May 18th.

Burberry Group Stock Performance

Shares of BRBY opened at GBX 1,181.18 on Friday. The company has a 50-day moving average of GBX 1,115.03 and a two-hundred day moving average of GBX 1,128. The stock has a market cap of £4.23 billion, a price-to-earnings ratio of 200.20, a PEG ratio of 1.66 and a beta of 0.70. The company has a debt-to-equity ratio of 162.02, a current ratio of 1.87 and a quick ratio of 1.63. Burberry Group has a one year low of GBX 976 and a one year high of GBX 1,376.50.

Burberry Group (LON:BRBY - Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. The business had revenue of GBX 242 billion for the quarter. Burberry Group had a net margin of 0.87% and a return on equity of 2.29%. On average, equities research analysts expect that Burberry Group will post 32.6294821 earnings per share for the current year.

Insiders Place Their Bets

In other Burberry Group news, insider Kate Ferry bought 32,026 shares of the stock in a transaction on Thursday, June 25th. The shares were bought at an average price of GBX 1,089 per share, with a total value of £348,763.14. 0.66% of the stock is currently owned by company 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. 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.

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