Burberry Group’s (BRBY) “Neutral” Rating Reiterated at Citigroup

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Citigroup reissued their neutral rating on shares of Burberry Group (LON:BRBY) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports.

A number of other research firms have also weighed in on BRBY. Royal Bank of Canada cut their price objective on shares of Burberry Group from GBX 1,930 ($25.39) to GBX 1,900 ($24.99) and set an underperform rating for the company in a research report on Thursday, January 23rd. Credit Suisse Group cut their price objective on shares of Burberry Group from GBX 2,650 ($34.86) to GBX 2,600 ($34.20) and set an outperform rating for the company in a research report on Monday. BNP Paribas reissued a neutral rating on shares of Burberry Group in a research report on Monday, January 27th. Bryan, Garnier & Co boosted their price objective on shares of Burberry Group from GBX 1,780 ($23.41) to GBX 1,860 ($24.47) and gave the company a neutral rating in a research report on Friday, January 10th. Finally, Jefferies Financial Group reissued an underperform rating on shares of Burberry Group in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 2,050.21 ($26.97).

LON:BRBY opened at GBX 2,019 ($26.56) on Tuesday. The firm has a 50 day simple moving average of GBX 2,141.64 and a 200-day simple moving average of GBX 2,120.35. The company has a debt-to-equity ratio of 88.99, a current ratio of 1.69 and a quick ratio of 1.06. The firm has a market cap of $8.16 billion and a PE ratio of 23.31. Burberry Group has a 1-year low of GBX 1,678 ($22.07) and a 1-year high of GBX 2,362 ($31.07).

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

About Burberry Group

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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