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

Burberry Group plc (LON:BRBY) has been given an average rating of “Reduce” by the six ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 1,282.80 ($17.16).

A number of brokerages have weighed in on BRBY. Barclays lowered shares of Burberry Group to an “underweight” rating in a report on Monday, September 9th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 800 ($10.70) target price on shares of Burberry Group in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 1,050 ($14.04) price target on shares of Burberry Group in a research note on Tuesday, June 25th.

Burberry Group Trading Down 1.3 %

Shares of BRBY stock opened at GBX 701 ($9.38) on Thursday. The firm’s 50-day simple moving average is GBX 674.24 and its 200-day simple moving average is GBX 930.99. The company has a debt-to-equity ratio of 135.70, a current ratio of 1.66 and a quick ratio of 1.63. Burberry Group has a 1-year low of GBX 555.61 ($7.43) and a 1-year high of GBX 1,947 ($26.04). The firm has a market cap of £2.51 billion, a P/E ratio of 947.30, a PEG ratio of 1.66 and a beta of 1.06.

Insider Activity at Burberry Group

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