Burberry Group (LON:BRBY) Price Target Raised to GBX 980 at JPMorgan Chase & Co.

Burberry Group (LON:BRBY) had its price objective raised by JPMorgan Chase & Co. from GBX 950 to GBX 980 in a report published on Friday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,400 price target on shares of Burberry Group in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft cut their target price on Burberry Group from GBX 1,550 to GBX 1,480 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Jefferies Financial Group restated an “underperform” rating and issued a GBX 940 target price on shares of Burberry Group in a research note on Friday. Berenberg Bank cut Burberry Group to a “hold” rating and set a GBX 1,080 price target for the company. in a research report on Tuesday, May 5th. Finally, Barclays upgraded Burberry Group to an “overweight” rating and boosted their price target for the company from GBX 1,340 to GBX 1,450 in a research note on Tuesday, January 27th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 1,325.56.

Burberry Group Price Performance

Shares of BRBY stock opened at GBX 1,042.30 on Friday. Burberry Group has a fifty-two week low of GBX 939.20 and a fifty-two week high of GBX 1,376.50. The company has a debt-to-equity ratio of 162.02, a quick ratio of 1.63 and a current ratio of 1.87. The firm has a market capitalization of £3.73 billion, a price-to-earnings ratio of -144.76, a PEG ratio of 1.66 and a beta of 0.68. The stock’s 50-day simple moving average is GBX 1,111.46 and its 200-day simple moving average is GBX 1,178.65.

Burberry Group (LON:BRBY) last released its earnings results on Thursday, May 14th. The company reported GBX 15.20 EPS for the quarter. The company had revenue of GBX 242 billion during the quarter. Burberry Group had a net margin of 0.87% and a return on equity of 2.29%. As a group, equities analysts forecast that Burberry Group will post 32.6294821 earnings per share for the current fiscal year.

Insider Activity at Burberry Group

In other news, insider Stella King bought 608 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was purchased at an average cost of GBX 1,024 per share, with a total value of £6,225.92. 0.54% of the stock is owned by insiders.

Burberry Group Company Profile

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.