Burberry Group (LON:BRBY) Given New GBX 1,560 Price Target at Citigroup

Burberry Group (LON:BRBY) had its price target cut by Citigroup from GBX 1,590 to GBX 1,560 in a research report issued on Monday,Digital Look reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 33.56% from the stock’s previous close.

BRBY has been the topic of several other reports. JPMorgan Chase & Co. increased their price objective on Burberry Group from GBX 950 to GBX 980 and gave the company an “underweight” rating in a research report on Friday, May 15th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,080 price objective on shares of Burberry Group in a research report on Wednesday, May 20th. UBS Group reaffirmed a “buy” rating and set a GBX 1,410 price objective on shares of Burberry Group in a research report on Monday, May 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,400 price objective on shares of Burberry Group in a research report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,480 price objective on shares of Burberry Group in a research report on Monday, May 18th. 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, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,322.22.

Burberry Group Trading Down 0.9%

LON BRBY opened at GBX 1,168 on Monday. Burberry Group has a 12 month low of GBX 976 and a 12 month high of GBX 1,376.50. The stock has a market cap of £4.18 billion, a P/E ratio of -162.22, a P/E/G ratio of 1.66 and a beta of 0.68. The stock’s fifty day moving average price is GBX 1,124.60 and its 200-day moving average price is GBX 1,171.26. 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 (LON:BRBY) last released its earnings results on Thursday, May 14th. The company reported GBX 15.20 EPS for the quarter. Burberry Group had a return on equity of 2.29% and a net margin of 0.87%.The firm had revenue of GBX 242 billion for the quarter. As a group, equities analysts forecast 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 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. Corporate 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.