Burberry Group (LON:BRBY) Earns Underperform Rating from Jefferies Financial Group

Burberry Group (LON:BRBY)‘s stock had its “underperform” rating restated by investment analysts at Jefferies Financial Group in a report released on Friday,London Stock Exchange reports. They presently have a GBX 940 target price on the stock. Jefferies Financial Group’s price target points to a potential downside of 10.82% from the company’s previous close.

Other analysts have also issued research reports about the stock. Citigroup lifted their price target on shares of Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a “buy” rating in a research report on Monday, January 26th. Barclays upgraded Burberry Group to an “overweight” rating and increased their price objective for the stock from GBX 1,340 to GBX 1,450 in a research report on Tuesday, January 27th. Berenberg Bank cut Burberry Group to a “hold” rating and set a GBX 1,080 target price for the company. in a research note on Tuesday, May 5th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,400 target price on shares of Burberry Group in a research report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Burberry Group from GBX 1,550 to GBX 1,480 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 1,325.56.

Burberry Group Trading Down 2.7%

Shares of BRBY traded down GBX 29 during mid-day trading on Friday, reaching GBX 1,054. The stock had a trading volume of 61,822,824 shares, compared to its average volume of 26,056,105. Burberry Group has a 52-week low of GBX 939.20 and a 52-week high of GBX 1,376.50. The firm has a market cap of £3.78 billion, a price-to-earnings ratio of -146.39, a P/E/G ratio of 1.66 and a beta of 0.68. The business’s fifty day moving average is GBX 1,112.05 and its 200 day moving average is GBX 1,179.61. The company has a debt-to-equity ratio of 173.32, a current ratio of 1.88 and a quick ratio of 1.63.

Burberry Group (LON:BRBY) last issued its earnings results on Thursday, May 14th. The company reported GBX 15.20 EPS for the quarter. The company had revenue of GBX 242 billion for the quarter. Burberry Group had a negative net margin of 1.12% and a negative return on equity of 2.99%. On average, sell-side analysts predict that Burberry Group will post 32.6294821 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Stella King bought 608 shares of the business’s stock in a transaction on Friday, March 20th. The shares were bought at an average price of GBX 1,024 per share, with a total value of £6,225.92. Company insiders own 0.54% 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.