Berenberg Bank Increases Burberry Group (LON:BRBY) Price Target to GBX 2,400

Burberry Group (LON:BRBY – Get Rating) had its price target increased by Berenberg Bank from GBX 1,730 ($21.67) to GBX 2,400 ($30.06) in a research note issued on Friday, Marketbeat Ratings reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target points to a potential upside of 4.80% from the company’s current price.

BRBY has been the subject of a number of other reports. Barclays lifted their price objective on shares of Burberry Group from GBX 2,245 ($28.12) to GBX 2,360 ($29.56) and gave the company an “equal weight” rating in a report on Wednesday, April 12th. JPMorgan Chase & Co. lifted their price objective on shares of Burberry Group from GBX 2,000 ($25.05) to GBX 2,250 ($28.18) and gave the company a “neutral” rating in a report on Tuesday, March 28th. Finally, Royal Bank of Canada lifted their price objective on shares of Burberry Group from GBX 2,040 ($25.55) to GBX 2,200 ($27.56) and gave the company a “sector perform” rating in a report on Tuesday, January 24th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Burberry Group presently has a consensus rating of “Hold” and an average price target of GBX 2,282 ($28.59).

Burberry Group Trading Down 4.1 %

LON:BRBY opened at GBX 2,290 ($28.69) on Friday. The stock has a market capitalization of £8.66 billion, a price-to-earnings ratio of 2,063.06, a PEG ratio of 2.15 and a beta of 1.17. The firm has a fifty day simple moving average of GBX 2,488.60 and a two-hundred day simple moving average of GBX 2,323.02. Burberry Group has a 12 month low of GBX 1,529 ($19.15) and a 12 month high of GBX 2,656 ($33.27). The company has a current ratio of 2.26, a quick ratio of 1.63 and a debt-to-equity ratio of 98.82.

Insider Activity at Burberry Group

In related news, insider Alan Stewart acquired 2,155 shares of the stock in a transaction on Friday, May 19th. The shares were acquired at an average price of GBX 2,320 ($29.06) per share, with a total value of £49,996 ($62,628.08). 0.27% of the stock is owned by insiders.

About Burberry Group

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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.