Burberry Group (LON:BRBY) Reaches New 52-Week Low - Here's Why

Key Points

• Burberry shares hit a new 52-week low of GBX 977.60, down from the previous close of GBX 997.60, with the stock trading below both its 50-day and 200-day moving averages.
• Analyst sentiment is mixed: the stock has an overall “Hold” consensus rating and an average price target of GBX 1,281.25, although targets range from GBX 940 to GBX 1,510.
• Insider Kate Ferry purchased 32,026 shares worth approximately £348,763 at an average price of GBX 1,089, signaling some insider confidence despite the recent decline.

Shares of Burberry Group plc (LON:BRBY - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 977.60 and last traded at GBX 977.60, with a volume of 567683188 shares traded. The stock had previously closed at GBX 997.60.

Analyst Ratings Changes

A number of research firms recently weighed in on BRBY. Berenberg Bank reaffirmed a "hold" rating and set a GBX 1,080 price target on shares of Burberry Group in a research note on Thursday, July 23rd. Royal Bank Of Canada restated an "outperform" rating and set a GBX 1,400 price objective on shares of Burberry Group in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 1,480 target price on shares of Burberry Group in a research report on Monday, May 18th. Citigroup reduced their price target on shares of Burberry Group from GBX 1,560 to GBX 1,510 and set a "buy" rating for the company in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group restated an "underperform" rating and set a GBX 940 price objective on shares of Burberry Group in a report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Burberry Group currently has an average rating of "Hold" and a consensus target price of GBX 1,281.25.

Burberry Group Stock Down 2.0%

The stock's fifty day moving average is GBX 1,097.18 and its two-hundred day moving average is GBX 1,109.20. The company has a current ratio of 1.87, a quick ratio of 1.63 and a debt-to-equity ratio of 162.02. The company has a market capitalization of £3.50 billion, a PE ratio of 165.69, a P/E/G ratio of 1.66 and a beta of 0.70.

Insiders Place Their Bets

In other Burberry Group news, insider Kate Ferry purchased 32,026 shares of the stock in a transaction dated 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 owned by corporate 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.

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.