Deutsche Bank Reiterates Hold Rating for Burberry Group (LON:BRBY)

Burberry Group (LON:BRBY)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank in a research report issued on Friday, ThisIsMoney.Co.Uk reports.

BRBY has been the topic of a number of other research reports. Bank of America increased their target price on Stagecoach Group from GBX 160 ($2.09) to GBX 190 ($2.48) and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. Sanford C. Bernstein raised Burberry Group from an “underperform” rating to a “market perform” rating in a report on Tuesday, May 21st. UBS Group set a $25.00 target price on Macy’s and gave the stock a “hold” rating in a report on Friday, May 17th. Main First Bank raised Burberry Group to an “outperform” rating and increased their target price for the stock from GBX 1,800 ($23.52) to GBX 2,150 ($28.09) in a report on Thursday, July 4th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of COMPASS GRP PLC/S in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,923.33 ($25.13).

LON:BRBY opened at GBX 2,005 ($26.20) on Friday. The company has a current ratio of 2.51, a quick ratio of 1.70 and a debt-to-equity ratio of 2.55. The business’s 50 day moving average price is GBX 1,813.93. Burberry Group has a 52 week low of GBX 1,618.50 ($21.15) and a 52 week high of GBX 2,338 ($30.55). The company has a market cap of $8.25 billion and a P/E ratio of 24.54.

In related news, insider Julie Brown purchased 24,051 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were acquired 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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Analyst Recommendations for Burberry Group (LON:BRBY)

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