Burberry Group (LON:BRBY) Given New GBX 1,510 Price Target at Citigroup

Burberry Group (LON:BRBY) had its price target decreased by equities research analysts at Citigroup from GBX 1,560 to GBX 1,510 in a note issued to investors on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 32.92% from the company’s current price.

A number of other brokerages also recently issued reports on BRBY. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,080 price target on shares of Burberry Group in a report on Thursday, July 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,400 price objective on shares of Burberry Group in a report on Monday, July 20th. Jefferies Financial Group restated an “underperform” rating and set a GBX 940 price objective on shares of Burberry Group in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,480 target price on shares of Burberry Group in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Burberry Group from GBX 950 to GBX 980 and gave the stock an “underweight” rating in a research report on Friday, May 15th. Six research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,316.67.

Burberry Group Trading Down 2.9%

Shares of LON:BRBY opened at GBX 1,136 on Wednesday. The company has a market cap of £4.07 billion, a P/E ratio of 192.54, a PEG ratio of 1.66 and a beta of 0.70. The company has a debt-to-equity ratio of 162.02, a current ratio of 1.87 and a quick ratio of 1.63. Burberry Group has a 1 year low of GBX 976 and a 1 year high of GBX 1,376.50. The stock’s fifty day moving average price is GBX 1,114.87 and its 200-day moving average price is GBX 1,126.02.

Burberry Group (LON:BRBY) last released its quarterly earnings data 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 company had revenue of GBX 242 billion for the quarter. Sell-side analysts expect that Burberry Group will post 32.6294821 earnings per share for the current year.

Insider Activity

In other Burberry Group news, insider Kate Ferry sold 18,479 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of GBX 1,090, for a total transaction of £201,421.10. 0.66% 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.