Burberry Group (LON:BRBY) PT Lowered to GBX 2,600 at Credit Suisse Group

Burberry Group (LON:BRBY) had its target price reduced by Credit Suisse Group from GBX 2,650 ($34.86) to GBX 2,600 ($34.20) in a report issued on Monday morning, Stock Target Advisor reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Deutsche Bank reiterated a hold rating on shares of Burberry Group in a research note on Thursday, January 16th. Jefferies Financial Group reiterated an underperform rating on shares of Burberry Group in a research note on Tuesday, December 10th. Royal Bank of Canada cut their price objective on Burberry Group from GBX 1,930 ($25.39) to GBX 1,900 ($24.99) and set an underperform rating for the company in a report on Thursday, January 23rd. Citigroup reissued a neutral rating on shares of Burberry Group in a report on Monday, January 20th. Finally, UBS Group lifted their price objective on Burberry Group from GBX 2,202 ($28.97) to GBX 2,258 ($29.70) and gave the company a neutral rating in a report on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. Burberry Group presently has a consensus rating of Hold and an average price target of GBX 2,050.21 ($26.97).

BRBY opened at GBX 2,019 ($26.56) on Monday. Burberry Group has a fifty-two week low of GBX 1,678 ($22.07) and a fifty-two week high of GBX 2,362 ($31.07). 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’s fifty day moving average price is GBX 2,141.64 and its two-hundred day moving average price is GBX 2,120.35. The company has a market capitalization of $8.16 billion and a P/E ratio of 23.31.

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

Burberry Group Company Profile

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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