Burberry Group (LON:BRBY) Stock Rating Reaffirmed by Barclays

Burberry Group (LON:BRBY – Get Rating)‘s stock had its “equal weight” rating reiterated by analysts at Barclays in a report released on Friday, MarketBeat.com reports. They presently have a GBX 2,360 ($29.56) target price on the stock. Barclays‘s price objective would indicate a potential upside of 3.06% from the stock’s current price.

Several other equities analysts also recently weighed in on BRBY. JPMorgan Chase & Co. increased their price target on shares of Burberry Group from GBX 2,000 ($25.05) to GBX 2,250 ($28.18) and gave the stock a “neutral” rating in a report on Tuesday, March 28th. Berenberg Bank increased their price target on shares of Burberry Group from GBX 1,730 ($21.67) to GBX 2,400 ($30.06) and gave the stock a “hold” rating in a report on Friday. Finally, Royal Bank of Canada increased their price target on shares of Burberry Group from GBX 2,040 ($25.55) to GBX 2,200 ($27.56) and gave the stock a “sector perform” rating in a report on Tuesday, January 24th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 2,282 ($28.59).

Burberry Group Stock Performance

BRBY opened at GBX 2,290 ($28.69) on Friday. Burberry Group has a 52-week low of GBX 1,529 ($19.15) and a 52-week high of GBX 2,656 ($33.27). The company has a quick ratio of 1.63, a current ratio of 2.26 and a debt-to-equity ratio of 98.82. The company has a market cap of £8.66 billion, a P/E ratio of 2,063.06, a price-to-earnings-growth ratio of 2.15 and a beta of 1.17. The firm’s 50-day moving average price is GBX 2,488.60 and its 200-day moving average price is GBX 2,323.02.

Insider Transactions at Burberry Group

In other news, insider Alan Stewart acquired 2,155 shares of the company’s stock in a transaction dated 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). Corporate insiders own 0.27% of the company’s stock.

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.