Royal Bank Of Canada Reiterates Outperform Rating for Burberry Group (LON:BRBY)

Key Points

• The Royal Bank of Canada has reiterated its "outperform" rating for Burberry Group, setting a price target of GBX 1,400, which suggests a potential upside of 24.22% from the current stock price.
• Other analysts have varied opinions, with HSBC and Citigroup both issuing "buy" ratings and higher price objectives, while Jefferies has rated the stock as "underperform."
• Insider buying activity has been noted, with key personnel purchasing significant shares, indicating potential confidence in the company's future performance.

Burberry Group (LON:BRBY - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at Royal Bank Of Canada in a report released on Thursday,London Stock Exchange reports. They currently have a GBX 1,400 price objective on the stock. Royal Bank Of Canada's target price indicates a potential upside of 24.22% from the stock's current price.

Several other equities analysts have also recently issued reports on the company. HSBC reaffirmed a "buy" rating and issued a GBX 1,600 price objective on shares of Burberry Group in a research report on Tuesday, September 2nd. Jefferies Financial Group upped their price objective on Burberry Group from GBX 580 to GBX 680 and gave the company an "underperform" rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 1,000 price objective on shares of Burberry Group in a research report on Monday, July 21st. Finally, Citigroup upped their price objective on Burberry Group from GBX 1,250 to GBX 1,600 and gave the company a "buy" rating in a research report on Monday, July 28th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of GBX 1,256.

Burberry Group Stock Performance

BRBY stock opened at GBX 1,127 on Thursday. The stock has a market capitalization of £4.05 billion, a PE ratio of -5,392.34, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. Burberry Group has a 12-month low of GBX 597 and a 12-month high of GBX 1,375. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53. The stock's 50 day simple moving average is GBX 1,221.13 and its 200 day simple moving average is GBX 1,026.50.

Insiders Place Their Bets

In other Burberry Group news, insider Orna NiChionna purchased 1,208 shares of the business's stock in a transaction on Friday, September 5th. The stock was acquired at an average price of GBX 1,234 per share, for a total transaction of £14,906.72. Also, insider Joshua Schulman purchased 29,744 shares of the business's stock in a transaction on Friday, June 27th. The stock was acquired at an average price of GBX 1,069 per share, with a total value of £317,963.36. In the last quarter, insiders acquired 34,180 shares of company stock worth $36,837,808. Corporate insiders own 0.63% of the company's stock.

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.

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