Burberry Group (BRBY) Rating Reiterated by Deutsche Bank

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

Other analysts have also issued reports about the company. Jefferies Financial Group reissued a “hold” rating on shares of Burberry Group in a research note on Tuesday, April 9th. Berenberg Bank lifted their price target on Burberry Group from GBX 1,920 ($25.09) to GBX 1,970 ($25.74) and gave the company a “hold” rating in a research note on Thursday, January 24th. Credit Suisse Group lowered Burberry Group to a “neutral” rating and cut their price objective for the stock from GBX 2,200 ($28.75) to GBX 1,950 ($25.48) in a research note on Friday, February 8th. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a GBX 1,725 ($22.54) price objective on shares of Burberry Group in a research note on Wednesday, April 17th. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 1,900 ($24.83) price objective (down from GBX 2,000 ($26.13)) on shares of Burberry Group in a research note on Thursday, January 10th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 1,913 ($25.00).

Shares of BRBY stock opened at GBX 2,000 ($26.13) on Thursday. Burberry Group has a 12 month low of GBX 1,618.50 ($21.15) and a 12 month high of GBX 2,338 ($30.55). The stock has a market cap of $8.17 billion and a PE ratio of 25.28. The company has a current ratio of 2.40, a quick ratio of 1.46 and a debt-to-equity ratio of 1.37.

In other Burberry Group news, insider Julie Brown purchased 108 shares of the company’s stock in a transaction on Monday, February 4th. The shares were purchased at an average cost of GBX 1,828 ($23.89) per share, with a total value of £1,974.24 ($2,579.69).

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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