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

Key Points

• Analysts have a consensus “Hold” rating on Burberry, with five buy ratings, one hold and two sell ratings among eight covering brokerages. The average 12-month price target is GBX 1,281.25, above the reported trading price of GBX 1,075.50.
• Recent broker views remain mixed: Deutsche Bank, RBC, Citigroup and UBS maintained buy or outperform ratings, while JPMorgan rated the stock underweight despite raising its target to GBX 980.
• Burberry shares were up 0.5%, with a market capitalization of approximately £3.85 billion and a 1-year trading range of GBX 976 to GBX 1,376.50. Insider Kate Ferry also bought 32,026 shares worth about £348,763.

Shares of Burberry Group plc (LON:BRBY - Get Free Report) have received an average rating of "Hold" from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 1,281.25.

A number of brokerages recently commented on BRBY. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 1,480 price objective on shares of Burberry Group in a research report on Monday, May 18th. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 1,400 target price on shares of Burberry Group in a report on Monday, July 20th. JPMorgan Chase & Co. raised their target price on Burberry Group from GBX 950 to GBX 980 and gave the stock an "underweight" rating in a research note on Friday, May 15th. Citigroup lowered their price target on shares of Burberry Group from GBX 1,560 to GBX 1,510 and set a "buy" rating on the stock in a research report on Wednesday, August 12th. Finally, UBS Group reissued a "buy" rating and issued a GBX 1,410 price objective on shares of Burberry Group in a report on Monday, May 11th.

Burberry Group Trading Up 0.5%

Shares of Burberry Group stock opened at GBX 1,075.50 on Thursday. The company has a debt-to-equity ratio of 162.02, a current ratio of 1.87 and a quick ratio of 1.63. The stock's 50 day simple moving average is GBX 1,100.02 and its 200-day simple moving average is GBX 1,116.77. The stock has a market cap of £3.85 billion, a P/E ratio of 182.29, a P/E/G ratio of 1.66 and a beta of 0.70. Burberry Group has a 1-year low of GBX 976 and a 1-year high of GBX 1,376.50.

Insiders Place Their Bets

In other news, insider Kate Ferry purchased 32,026 shares of the company's stock in a transaction dated Thursday, June 25th. The stock was acquired at an average price of GBX 1,089 per share, with a total value of £348,763.14. 0.66% of the stock is owned by 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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