Burberry Group (LON:BRBY) Given “Underperform” Rating at Jefferies Financial Group

Jefferies Financial Group reissued their underperform rating on shares of Burberry Group (LON:BRBY) in a research report sent to investors on Friday, Marketbeat Ratings reports. They currently have a GBX 940 price target on the stock.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft lowered their target price on Burberry Group from GBX 1,550 to GBX 1,480 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Berenberg Bank downgraded Burberry Group to a “hold” rating and set a GBX 1,080 price objective on the stock. in a research note on Tuesday, May 5th. Citigroup lifted their price objective on 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 boosted their price objective for the company from GBX 1,340 to GBX 1,450 in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,400 target price on shares of Burberry Group in a research note on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Burberry Group presently has a consensus rating of “Hold” and a consensus target price of GBX 1,325.56.

Burberry Group Stock Down 3.8%

BRBY opened at GBX 1,042.30 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.63 and a debt-to-equity ratio of 162.02. Burberry Group has a 1-year low of GBX 939.20 and a 1-year high of GBX 1,376.50. The company has a market capitalization of £3.73 billion, a PE ratio of -144.76, a PEG ratio of 1.66 and a beta of 0.68. The firm’s 50 day simple moving average is GBX 1,111.46 and its two-hundred day simple moving average is GBX 1,178.65.

Burberry Group (LON:BRBY) last issued its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. The firm had revenue of GBX 242 billion during the quarter. Burberry Group had a net margin of 0.87% and a return on equity of 2.29%. As a group, equities analysts forecast that Burberry Group will post 32.6294821 EPS for the current year.

Insider Buying and Selling

In other Burberry Group news, insider Stella King acquired 608 shares of the stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of GBX 1,024 per share, for a total transaction of £6,225.92. 0.54% of the stock is currently owned by corporate 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.