Burberry Group (LON:BRBY – Get Free Report)‘s stock had its “sell” rating restated by investment analysts at UBS Group in a report released on Tuesday, Digital Look reports. They currently have a GBX 1,614 ($19.51) price objective on the stock. UBS Group’s target price suggests a potential downside of 11.63% from the stock’s current price.
BRBY has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their price target on shares of Burberry Group from GBX 2,250 ($27.20) to GBX 2,200 ($26.59) and set a “neutral” rating for the company in a research note on Monday, July 17th. Barclays began coverage on shares of Burberry Group in a research note on Wednesday, September 27th. They issued an “equal weight” rating and a GBX 2,230 ($26.96) target price for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,400 ($16.92) target price on shares of Burberry Group in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 2,040.67 ($24.67).
Check Out Our Latest Report on BRBY
Burberry Group Stock Performance
BRBY stock traded down GBX 67 ($0.81) during trading on Tuesday, reaching GBX 1,826.50 ($22.08). 1,365,445 shares of the stock were exchanged, compared to its average volume of 1,210,775. Burberry Group has a twelve month low of GBX 1,791 ($21.65) and a twelve month high of GBX 2,656 ($32.10). The company has a market capitalization of £6.75 billion, a P/E ratio of 1,449.60, a price-to-earnings-growth ratio of 2.08 and a beta of 1.24. The stock has a 50 day simple moving average of GBX 2,132.72 and a 200-day simple moving average of GBX 2,265.90. The company has a current ratio of 2.25, a quick ratio of 1.63 and a debt-to-equity ratio of 96.56.
About Burberry Group
(Get Free Report)
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.
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