Burberry Group (LON:BRBY) Price Target Lowered to GBX 1,510 at Citigroup

Burberry Group (LON:BRBY) had its target price reduced by analysts at Citigroup from GBX 1,560 to GBX 1,510 in a note issued to investors on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 32.92% from the stock’s previous close.

A number of other research firms have also recently weighed in on BRBY. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,080 price objective on shares of Burberry Group in a research report on Thursday, July 23rd. UBS Group reissued a “buy” rating and issued a GBX 1,410 target price on shares of Burberry Group in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,480 target price on shares of Burberry Group in a research note on Monday, May 18th. JPMorgan Chase & Co. lifted their price target on shares of Burberry Group from GBX 950 to GBX 980 and gave the company an “underweight” rating in a report on Friday, May 15th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 940 price target on shares of Burberry Group in a research report on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 1,316.67.

Burberry Group Price Performance

LON BRBY opened at GBX 1,136 on Wednesday. The company has a market capitalization of £4.07 billion, a PE ratio of 192.54, a price-to-earnings-growth ratio of 1.66 and a beta of 0.70. 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 business’s fifty day moving average is GBX 1,114.87 and its 200 day moving average is GBX 1,126.02. Burberry Group has a fifty-two week low of GBX 976 and a fifty-two week high of GBX 1,376.50.

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

Insider Activity at Burberry Group

In other Burberry Group news, insider Kate Ferry acquired 32,026 shares of the stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of GBX 1,089 per share, for a total transaction of £348,763.14. 0.66% of the stock is owned by 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. 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.