Shares of Burberry Group plc (LON:BRBY – Get Free Report) have received a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 1,322.22.
BRBY has been the topic of several research analyst reports. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 940 target price on shares of Burberry Group in a research report on Wednesday. Berenberg Bank reissued a “hold” rating and issued a GBX 1,080 target price on shares of Burberry Group in a research report on Tuesday, June 16th. UBS Group reissued a “buy” rating and issued a GBX 1,410 target price on shares of Burberry Group in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,480 target price on shares of Burberry Group in a research report on Monday, May 18th. Finally, Citigroup decreased their target price on shares of Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating on the stock in a research report on Monday, June 1st.
Get Our Latest Research Report on Burberry Group
Burberry Group Price Performance
Burberry Group (LON:BRBY – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported GBX 15.20 earnings per share (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 for the quarter. As a group, sell-side analysts expect that Burberry Group will post 32.6294821 EPS for the current year.
Insiders Place Their Bets
In other Burberry Group news, insider Kate Ferry purchased 32,026 shares of Burberry Group stock in a transaction on Thursday, June 25th. The shares were purchased at an average cost of GBX 1,089 per share, with a total value of £348,763.14. 0.54% of the stock is currently owned by company insiders.
Burberry Group Company Profile
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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