Burberry Group (LON:BRBY) Given New GBX 2,350 Price Target at Societe Generale

Burberry Group (LON:BRBY) had its price target decreased by Societe Generale from GBX 2,600 ($34.20) to GBX 2,350 ($30.91) in a research report released on Monday, Stock Target Advisor reports. Societe Generale currently has a buy rating on the stock.

Several other research analysts have also issued reports on BRBY. UBS Group increased their price target on shares of Burberry Group from GBX 2,202 ($28.97) to GBX 2,258 ($29.70) and gave the stock a neutral rating in a research report on Tuesday, January 21st. BNP Paribas reaffirmed a neutral rating on shares of Burberry Group in a report on Monday, January 27th. Citigroup reiterated a neutral rating on shares of Burberry Group in a research note on Tuesday, February 11th. Goldman Sachs Group upped their price objective on Burberry Group from GBX 2,177 ($28.64) to GBX 2,200 ($28.94) and gave the company a neutral rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada dropped their target price on Burberry Group from GBX 1,930 ($25.39) to GBX 1,900 ($24.99) and set an underperform rating for the company in a report on Thursday, January 23rd. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 2,008.21 ($26.42).

Shares of Burberry Group stock opened at GBX 1,612 ($21.20) on Monday. The company has a debt-to-equity ratio of 88.99, a quick ratio of 1.06 and a current ratio of 1.69. The firm’s 50-day simple moving average is GBX 2,052.57 and its 200-day simple moving average is GBX 2,093.38. Burberry Group has a twelve month low of GBX 1,678 ($22.07) and a twelve month high of GBX 2,362 ($31.07). The firm has a market cap of $6.52 billion and a P/E ratio of 18.61.

In other news, insider Debra L. Lee acquired 450 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were purchased at an average cost of GBX 2,194 ($28.86) per share, with a total value of £9,873 ($12,987.37).

Burberry Group Company Profile

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.

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Analyst Recommendations for Burberry Group (LON:BRBY)

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