Burberry Group plc (LON:BRBY) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Burberry Group plc (LON:BRBY) have been given a consensus recommendation of “Reduce” by the six research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 1,282.80 ($17.16).

Several equities analysts have issued reports on BRBY shares. Barclays lowered Burberry Group to an “underweight” rating in a report on Monday, September 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 800 ($10.70) price target on shares of Burberry Group in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 1,050 ($14.04) price objective on shares of Burberry Group in a report on Tuesday, June 25th.

Insider Transactions at Burberry Group

In related news, insider Alessandra Cozzani bought 1,100 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was bought at an average cost of GBX 747 ($9.99) per share, with a total value of £8,217 ($10,991.17). In other Burberry Group news, insider Antoine Bernard de Saint-Affrique bought 2,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was bought at an average price of GBX 730 ($9.76) per share, for a total transaction of £14,600 ($19,529.16). Also, insider Alessandra Cozzani purchased 1,100 shares of the stock in a transaction dated Thursday, July 18th. The stock was acquired at an average price of GBX 747 ($9.99) per share, for a total transaction of £8,217 ($10,991.17). Corporate insiders own 0.73% of the company’s stock.

Burberry Group Trading Down 1.3 %

Shares of Burberry Group stock opened at GBX 701 ($9.38) on Thursday. 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 company has a fifty day simple moving average of GBX 674.24 and a 200-day simple moving average of GBX 930.99. The stock has a market cap of £2.51 billion, a price-to-earnings ratio of 947.30, a PEG ratio of 1.66 and a beta of 1.06. Burberry Group has a 12-month low of GBX 555.61 ($7.43) and a 12-month high of GBX 1,947 ($26.04).

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.