Burberry Group (LON:BRBY) Sets New 1-Year Low at $590.00

Burberry Group plc (LON:BRBY)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 590 ($7.76) and last traded at GBX 590.60 ($7.77), with a volume of 12777854 shares trading hands. The stock had previously closed at GBX 604.40 ($7.95).

Analyst Ratings Changes

A number of equities analysts have commented on BRBY shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 1,050 ($13.81) price target on shares of Burberry Group in a research note on Tuesday, June 25th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 800 ($10.52) target price on shares of Burberry Group in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, Burberry Group has an average rating of “Hold” and a consensus price target of GBX 1,440.67 ($18.94).

Burberry Group Trading Down 3.0 %

The stock has a market capitalization of £2.10 billion, a P/E ratio of 816.76, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The stock’s fifty day moving average price is GBX 734.22 and its two-hundred day moving average price is GBX 995.79. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 135.70.

Insider Buying and Selling

In other Burberry Group news, insider Antoine Bernard de Saint-Affrique purchased 2,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was acquired at an average cost of GBX 730 ($9.60) per share, for a total transaction of £14,600 ($19,197.90). In related news, insider Jonathan Akeroyd sold 12,911 shares of Burberry Group stock in a transaction on Monday, June 17th. The shares were sold at an average price of GBX 974 ($12.81), for a total value of £125,753.14 ($165,355.87). Also, insider Antoine Bernard de Saint-Affrique purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were purchased at an average price of GBX 730 ($9.60) per share, with a total value of £14,600 ($19,197.90). 0.73% 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.