Jefferies Financial Group upgraded shares of Burberry Group (LON:BRBY) to a hold rating in a report issued on Monday morning, Digital Look reports. They currently have GBX 1,400 ($18.30) price target on the stock, up from their prior price target of GBX 1,250 ($16.34).
BRBY has been the topic of several other reports. Credit Suisse Group upped their target price on Burberry Group from GBX 1,700 ($22.23) to GBX 1,750 ($22.88) and gave the company an outperform rating in a report on Thursday, July 16th. Royal Bank of Canada reduced their target price on Burberry Group from GBX 1,460 ($19.09) to GBX 1,450 ($18.96) and set an underperform rating on the stock in a report on Thursday, July 16th. JPMorgan Chase & Co. upped their target price on Burberry Group from GBX 1,450 ($18.96) to GBX 1,550 ($20.26) and gave the company a neutral rating in a report on Friday, June 26th. Societe Generale reduced their target price on Burberry Group from GBX 1,750 ($22.88) to GBX 1,720 ($22.49) and set a buy rating on the stock in a report on Thursday, July 16th. Finally, Sanford C. Bernstein reduced their target price on Burberry Group from GBX 1,510 ($19.74) to GBX 1,410 ($18.43) and set a market perform rating on the stock in a report on Monday, June 15th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 1,619.40 ($21.17).
Shares of BRBY stock opened at GBX 1,406 ($18.38) on Monday. The business’s 50 day simple moving average is GBX 1,430.64 and its 200 day simple moving average is GBX 1,510.29. Burberry Group has a one year low of GBX 15.76 ($0.21) and a one year high of GBX 2,340 ($30.59). The stock has a market capitalization of $5.69 billion and a PE ratio of 47.70. The company has a debt-to-equity ratio of 120.37, a current ratio of 2.31 and a quick ratio of 1.64.
In other Burberry Group news, insider Matthew Key purchased 497 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was acquired at an average cost of GBX 1,309 ($17.11) per share, with a total value of £6,505.73 ($8,505.33). Also, insider Julie Brown sold 35,103 shares of Burberry Group stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of GBX 1,568 ($20.50), for a total transaction of £550,415.04 ($719,590.85).
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.
Recommended Story: Management Fee
Receive News & Ratings for Burberry Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group and related companies with MarketBeat.com's FREE daily email newsletter.