Burberry Group (LON:BRBY – Get Free Report)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank Of Canada in a research report issued on Tuesday,Digital Look reports. They presently have a GBX 1,400 target price on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 28.50% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on the company. Berenberg Bank downgraded Burberry Group to a “hold” rating and set a GBX 1,080 price target for the company. in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,480 price target on shares of Burberry Group in a research note on Monday. JPMorgan Chase & Co. boosted their price target on Burberry Group from GBX 950 to GBX 980 and gave the company an “underweight” rating in a research note on Friday. Citigroup boosted their price target on Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Jefferies Financial Group restated an “underperform” rating and set a GBX 940 price target on shares of Burberry Group in a research note on Friday. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Burberry Group presently has an average rating of “Hold” and an average target price of GBX 1,325.56.
View Our Latest Stock Analysis on BRBY
Burberry Group Trading Up 0.6%
Burberry Group (LON:BRBY – Get 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 net margin of 0.87% and a return on equity of 2.29%. The business had revenue of GBX 242 billion during the quarter. Research analysts forecast that Burberry Group will post 32.6294821 earnings per share for the current year.
Insider Activity
In other Burberry Group news, insider Stella King acquired 608 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was purchased at an average price of GBX 1,024 per share, with a total value of £6,225.92. 0.54% of the stock is currently owned by insiders.
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. 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.
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