Barclays Downgrades Burberry Group (LON:BRBY) to Underweight

Burberry Group (LON:BRBY) was downgraded by investment analysts at Barclays to an “underweight” rating in a report issued on Monday, Digital Look reports.

Several other research firms have also issued reports on BRBY. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 1,050 ($13.73) price target on shares of Burberry Group in a research report on Tuesday, June 25th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 800 ($10.46) price target on shares of Burberry Group in a research report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, Burberry Group has an average rating of “Hold” and a consensus price target of GBX 1,440.67 ($18.84).

Burberry Group Stock Performance

The company has a debt-to-equity ratio of 135.70, a current ratio of 1.66 and a quick ratio of 1.63. The firm has a market cap of £2.06 billion, a price-to-earnings ratio of 777.57, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The stock’s 50-day moving average price is GBX 734.22 and its 200 day moving average price is GBX 995.79. Burberry Group has a 52-week low of GBX 555.61 ($7.27) and a 52-week high of GBX 2,186 ($28.59).

Insider Activity at Burberry Group

In related news, insider Antoine Bernard de Saint-Affrique acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was acquired at an average price of GBX 730 ($9.55) per share, with a total value of £14,600 ($19,092.45). In other Burberry Group news, insider Alessandra Cozzani purchased 1,100 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was purchased at an average price of GBX 747 ($9.77) per share, with a total value of £8,217 ($10,745.39). Also, insider Antoine Bernard de Saint-Affrique purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were acquired at an average cost of GBX 730 ($9.55) per share, with a total value of £14,600 ($19,092.45). 0.73% of the stock is 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.