Jefferies Financial Group cut shares of Burberry Group (LON:BRBY) to an underperform rating in a report released on Wednesday, Digital Look reports. The firm currently has GBX 2,000 ($26.13) price target on the stock, up from their previous price target of GBX 1,800 ($23.52).
Several other research firms have also recently weighed in on BRBY. Goldman Sachs Group set a €94.00 ($109.30) price target on shares of Henkel AG & Co KGaA and gave the company a neutral rating in a research note on Friday, June 28th. UBS Group set a $25.00 price target on shares of Macy’s and gave the company a hold rating in a research note on Friday, May 17th. Deutsche Bank increased their price target on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a buy rating in a research note on Friday, July 12th. Morgan Stanley set a $70.00 price target on shares of Edison International and gave the company a hold rating in a research note on Monday, July 15th. Finally, Sanford C. Bernstein raised shares of Burberry Group from an underperform rating to a market perform rating in a research note on Tuesday, May 21st. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of GBX 1,955 ($25.55).
Burberry Group stock opened at GBX 2,328 ($30.42) on Wednesday. The company has a 50 day moving average price of GBX 1,869.51. Burberry Group has a 1-year low of GBX 1,618.50 ($21.15) and a 1-year high of GBX 2,338 ($30.55). The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.70 and a current ratio of 2.51. The stock has a market cap of $9.58 billion and a PE ratio of 28.49.
In related news, insider Julie Brown acquired 24,051 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was purchased at an average price of GBX 1,775 ($23.19) per share, with a total value of £426,905.25 ($557,827.32).
About Burberry Group
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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