Berenberg Bank Downgrades Burberry Group (LON:BRBY) to Hold

Burberry Group (LON:BRBY) was downgraded by investment analysts at Berenberg Bank to a “hold” rating in a report released on Tuesday,London Stock Exchange reports. They currently have a GBX 1,080 price objective on the stock. Berenberg Bank’s price target indicates a potential downside of 6.72% from the company’s current price.

A number of other research analysts have also recently commented on BRBY. Barclays upgraded shares of Burberry Group to an “overweight” rating and raised their price target for the stock from GBX 1,340 to GBX 1,450 in a research note on Tuesday, January 27th. Citigroup raised their price target on shares of Burberry Group from GBX 1,570 to GBX 1,590 and gave the stock a “buy” rating in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Burberry Group from GBX 1,550 to GBX 1,480 and set a “buy” rating for the company in a research note on Wednesday, April 1st. UBS Group restated a “buy” rating and set a GBX 1,570 price target on shares of Burberry Group in a research note on Friday, January 16th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,400 price target on shares of Burberry Group in a research note on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Burberry Group currently has a consensus rating of “Hold” and an average price target of GBX 1,311.11.

Burberry Group Stock Down 0.2%

Shares of BRBY opened at GBX 1,157.80 on Tuesday. The stock has a market cap of £4.15 billion, a price-to-earnings ratio of -160.81, a P/E/G ratio of 1.66 and a beta of 0.68. The company has a quick ratio of 1.63, a current ratio of 1.88 and a debt-to-equity ratio of 173.32. Burberry Group has a 12 month low of GBX 715.80 and a 12 month high of GBX 1,376.50. The company has a 50-day moving average price of GBX 1,111.87 and a two-hundred day moving average price of GBX 1,183.40.

Insider Activity

In other news, insider Stella King bought 608 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was bought at an average price of GBX 1,024 per share, for a total transaction of £6,225.92. Company insiders own 0.65% of the company’s stock.

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.