Burberry Group’s (BRBY) “Buy” Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Burberry Group (LON:BRBY)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Monday,Digital Look reports. They currently have a GBX 1,480 price objective on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 39.36% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,400 target price on shares of Burberry Group in a report on Thursday, January 22nd. Citigroup lifted their price target on shares of Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a “buy” rating in a report on Monday, January 26th. JPMorgan Chase & Co. increased their price objective on shares of Burberry Group from GBX 950 to GBX 980 and gave the stock an “underweight” rating in a research note on Friday. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 940 price objective on shares of Burberry Group in a research note on Friday. Finally, Berenberg Bank cut shares of Burberry Group to a “hold” rating and set a GBX 1,080 target price on the stock. in a research note on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Burberry Group presently has an average rating of “Hold” and a consensus target price of GBX 1,325.56.

Burberry Group Stock Performance

LON:BRBY opened at GBX 1,062 on Monday. 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 stock has a 50-day simple moving average of GBX 1,111.46 and a two-hundred day simple moving average of GBX 1,177.64. The firm has a market capitalization of £3.80 billion, a PE ratio of -147.50, a P/E/G ratio of 1.66 and a beta of 0.68. Burberry Group has a 52-week low of GBX 939.20 and a 52-week high of GBX 1,376.50.

Burberry Group (LON:BRBY) last posted its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.20 EPS for the quarter. Burberry Group had a return on equity of 2.29% and a net margin of 0.87%.The firm had revenue of GBX 242 billion for the quarter. Analysts forecast that Burberry Group will post 32.6294821 EPS for the current year.

Insider Transactions at Burberry Group

In other Burberry Group news, insider Stella King purchased 608 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average cost of GBX 1,024 per share, with a total value of £6,225.92. Company insiders own 0.54% 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. 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.