Burberry Group plc (LON:BRBY) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 1,929.55 ($25.21).
BRBY has been the topic of several research analyst reports. Goldman Sachs Group lowered shares of Burberry Group to a “sell” rating and cut their price target for the stock from GBX 2,148 ($28.07) to GBX 1,855 ($24.24) in a research note on Wednesday, March 6th. UBS Group reiterated a “neutral” rating and set a GBX 1,900 ($24.83) price target (down from GBX 2,000 ($26.13)) on shares of Burberry Group in a research note on Thursday, January 10th. Credit Suisse Group lowered shares of Burberry Group to a “neutral” rating and cut their price target for the stock from GBX 2,200 ($28.75) to GBX 1,950 ($25.48) in a research note on Friday, February 8th. Berenberg Bank reiterated a “hold” rating and set a GBX 1,970 ($25.74) price target on shares of Burberry Group in a research note on Wednesday, February 6th. Finally, Deutsche Bank reiterated a “hold” rating on shares of Burberry Group in a research note on Thursday, May 2nd.
LON:BRBY traded down GBX 40.50 ($0.53) during midday trading on Thursday, hitting GBX 1,899.50 ($24.82). 810,351 shares of the company were exchanged, compared to its average volume of 2,130,000. Burberry Group has a fifty-two week low of GBX 1,618.50 ($21.15) and a fifty-two week high of GBX 2,338 ($30.55). The company has a debt-to-equity ratio of 1.37, a current ratio of 2.40 and a quick ratio of 1.46. The firm has a market capitalization of $7.76 billion and a P/E ratio of 24.01.
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.
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