Barclays Downgrades Burberry Group (LON:BRBY) to Underweight

Barclays lowered shares of Burberry Group (LON:BRBY) to an underweight rating in a research note published on Monday morning, Digital Look reports.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 1,050 ($13.73) price target on shares of Burberry Group in a research report on Tuesday, June 25th. Jefferies Financial Group reaffirmed a hold rating and issued a GBX 800 ($10.46) price target on shares of Burberry Group in a research report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of GBX 1,440.67 ($18.84).

Burberry Group Stock Performance

Shares of Burberry Group stock opened at GBX 580 ($7.58) on Monday. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 135.70. The firm has a market capitalization of £2.08 billion, a P/E ratio of 783.78, a P/E/G ratio of 1.66 and a beta of 1.06. The business has a fifty day simple moving average of GBX 723.04 and a two-hundred day simple moving average of GBX 985.49. Burberry Group has a 12 month low of GBX 555.61 ($7.27) and a 12 month high of GBX 2,186 ($28.59).

Insiders Place Their Bets

In other Burberry Group news, insider Antoine Bernard de Saint-Affrique bought 2,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was acquired at an average price of GBX 730 ($9.55) per share, with a total value of £14,600 ($19,092.45). In other Burberry Group news, insider Antoine Bernard de Saint-Affrique bought 2,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was acquired at an average price of GBX 730 ($9.55) per share, with a total value of £14,600 ($19,092.45). Also, insider Alessandra Cozzani bought 1,100 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was acquired at an average cost of GBX 747 ($9.77) per share, with a total value of £8,217 ($10,745.39). 0.73% 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.