Burberry Group plc (LON:BRBY) Receives GBX 1,440.67 Average Price Target from Brokerages

Shares of Burberry Group plc (LON:BRBY) have been given a consensus rating of “Reduce” by the six brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,282.80 ($17.18).

Several research firms recently weighed in on BRBY. Barclays lowered shares of Burberry Group to an “underweight” rating in a research report on Monday, September 9th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 800 ($10.71) price objective on shares of Burberry Group in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 1,050 ($14.06) target price on shares of Burberry Group in a research note on Tuesday, June 25th.

Burberry Group Trading Up 7.0 %

LON BRBY opened at GBX 710 ($9.51) on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 135.70. The firm has a market capitalization of £2.55 billion, a P/E ratio of 959.46, a PEG ratio of 1.66 and a beta of 1.06. The business has a fifty day simple moving average of GBX 675.26 and a 200 day simple moving average of GBX 937.10. Burberry Group has a 12 month low of GBX 555.61 ($7.44) and a 12 month high of GBX 1,953.50 ($26.16).

Insiders Place Their Bets

In other Burberry Group news, insider Alessandra Cozzani bought 1,100 shares of Burberry Group stock in a transaction dated Thursday, July 18th. The shares were purchased at an average cost of GBX 747 ($10.00) per share, with a total value of £8,217 ($11,002.95). In other Burberry Group news, insider Alessandra Cozzani bought 1,100 shares of Burberry Group stock in a transaction on Thursday, July 18th. The stock was acquired at an average price of GBX 747 ($10.00) per share, with a total value of £8,217 ($11,002.95). Also, insider Antoine Bernard de Saint-Affrique bought 2,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was acquired at an average cost of GBX 730 ($9.78) per share, with a total value of £14,600 ($19,550.08). 0.73% 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.