Burberry Group (LON:BRBY) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

Burberry Group (LON:BRBYGet Free Report)‘s stock had its “buy” rating reaffirmed by Deutsche Bank Aktiengesellschaft in a report released on Monday,Digital Look reports. They currently have a GBX 1,480 price objective on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 39.36% from the stock’s previous close.

Several other brokerages have also recently issued reports on BRBY. UBS Group reaffirmed a “buy” rating and set a GBX 1,410 price objective on shares of Burberry Group in a report on Monday, May 11th. JPMorgan Chase & Co. boosted their price target on shares of Burberry Group from GBX 950 to GBX 980 and gave the stock an “underweight” rating in a research report on Friday. Berenberg Bank downgraded shares of Burberry Group to a “hold” rating and set a GBX 1,080 price target on the stock. in a research note on Tuesday, May 5th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 940 price objective on shares of Burberry Group in a research report on Friday. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,400 price objective on shares of Burberry Group in a research note on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 1,325.56.

View Our Latest Research Report on Burberry Group

Burberry Group Trading Up 1.9%

Shares of Burberry Group stock opened at GBX 1,062 on Monday. Burberry Group has a twelve month low of GBX 939.20 and a twelve month high of GBX 1,376.50. The company has a quick ratio of 1.63, a current ratio of 1.87 and a debt-to-equity ratio of 162.02. The business has a 50-day moving average price of GBX 1,111.46 and a 200-day moving average price of GBX 1,177.64. The firm has a market cap of £3.80 billion, a price-to-earnings ratio of -147.50, a PEG ratio of 1.66 and a beta of 0.68.

Burberry Group (LON:BRBYGet Free Report) last posted its earnings results on Thursday, May 14th. The company reported GBX 15.20 EPS for the quarter. Burberry Group had a return on equity of 2.29% and a net margin of 0.87%.The company had revenue of GBX 242 billion for the quarter. Equities research analysts anticipate that Burberry Group will post 32.6294821 EPS for the current fiscal year.

Insider Activity at Burberry Group

In related news, insider Stella King bought 608 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was purchased at an average price of GBX 1,024 per share, for a total transaction of £6,225.92. Company insiders own 0.54% of the company’s stock.

Burberry Group Company Profile

(Get Free Report)

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. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks. It sells its products through Burberry mainline stores, concessions, outlets, digital commerce, Burberry franchisees, department stores, and multi-brand specialty accounts, as well as through Burberry.com website.

Further Reading

Analyst Recommendations for Burberry Group (LON:BRBY)

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