Brokerages Set Burberry Group plc (LON:BRBY) PT at GBX 1,281.25

Burberry Group plc (LON:BRBY) has been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 1,281.25.

Several research firms have recently commented on BRBY. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 940 price objective on shares of Burberry Group in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,480 target price on shares of Burberry Group in a report on Monday, May 18th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,400 target price on shares of Burberry Group in a research note on Monday, July 20th. 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, Citigroup dropped their price target on shares of Burberry Group from GBX 1,560 to GBX 1,510 and set a “buy” rating for the company in a research report on Wednesday, August 12th.

Burberry Group Trading Up 0.2%

LON:BRBY opened at GBX 1,037 on Thursday. Burberry Group has a one year low of GBX 976 and a one year high of GBX 1,376.50. The business has a fifty day moving average price of GBX 1,099.99 and a 200-day moving average price of GBX 1,113.09. The firm has a market capitalization of £3.71 billion, a price-to-earnings ratio of 175.76, 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 current ratio of 1.87 and a quick ratio of 1.63.

Insider Buying and Selling at Burberry Group

In other news, insider Kate Ferry bought 32,026 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was bought at an average price of GBX 1,089 per share, with a total value of £348,763.14. Company insiders own 0.66% 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.