HSBC Reaffirms Hold Rating for Burberry Group (LON:BRBY)

HSBC restated their hold rating on shares of Burberry Group (LON:BRBY) in a report issued on Monday morning, ThisIsMoney.Co.Uk reports.

Several other brokerages also recently weighed in on BRBY. Credit Suisse Group increased their price target on Burberry Group from GBX 1,950 ($25.48) to GBX 2,350 ($30.71) and gave the stock a neutral rating in a report on Wednesday, July 17th. Royal Bank of Canada increased their price target on Burberry Group from GBX 1,800 ($23.52) to GBX 1,975 ($25.81) and gave the stock an underperform rating in a report on Tuesday, July 16th. Deutsche Bank increased their price target on Burberry Group from GBX 1,800 ($23.52) to GBX 1,970 ($25.74) and gave the stock a hold rating in a report on Friday, July 12th. UBS Group reiterated a neutral rating on shares of Burberry Group in a report on Friday, May 17th. Finally, Goldman Sachs Group raised Burberry Group to a neutral rating and dropped their price objective for the stock from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a research note on Friday, June 28th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. Burberry Group has a consensus rating of Hold and an average target price of GBX 1,955.38 ($25.55).

Shares of LON BRBY opened at GBX 2,158.50 ($28.20) on Monday. 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 business’s 50 day moving average price is GBX 2,198.06 and its 200-day moving average price is GBX 1,972.96. Burberry Group has a fifty-two week low of GBX 1,618.50 ($21.15) and a fifty-two week high of GBX 2,362 ($30.86). The company has a market cap of $8.91 billion and a price-to-earnings ratio of 26.42.

In other news, insider Julie Brown acquired 1,524 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of GBX 2,172 ($28.38) per share, with a total value of £33,101.28 ($43,252.69).

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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