Burberry Group (LON:BRBY) Earns “Underperform” Rating from Bank of America

Bank of America reiterated their underperform rating on shares of Burberry Group (LON:BRBY) in a report issued on Tuesday morning, Digital Look reports. They currently have a GBX 1,850 ($24.17) price objective on the stock.

A number of other equities analysts also recently issued reports on the company. Royal Bank of Canada lifted their price target on Burberry Group from GBX 1,800 ($23.52) to GBX 1,975 ($25.81) and gave the company an underperform rating in a research note on Tuesday, July 16th. Credit Suisse Group upgraded Burberry Group to an outperform rating and lifted their price target for the company from GBX 2,350 ($30.71) to GBX 2,650 ($34.63) in a research note on Friday, September 20th. Deutsche Bank lifted their price target on Burberry Group from GBX 1,800 ($23.52) to GBX 1,970 ($25.74) and gave the company a hold rating in a research note on Friday, July 12th. Morgan Stanley reiterated an equal weight rating on shares of Burberry Group in a research note on Monday, July 15th. Finally, UBS Group reiterated a neutral rating and set a GBX 2,200 ($28.75) price target (down previously from GBX 2,240 ($29.27)) on shares of Burberry Group in a research note on Tuesday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 2,008.57 ($26.25).

BRBY stock opened at GBX 2,004 ($26.19) on Tuesday. The company has a market capitalization of $8.23 billion and a P/E ratio of 24.53. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.70 and a current ratio of 2.51. Burberry Group has a 52-week low of GBX 1,618.50 ($21.15) and a 52-week high of GBX 2,362 ($30.86). The business has a 50-day simple moving average of GBX 2,129.38 and a two-hundred day simple moving average of GBX 2,003.25.

In other news, insider Julie Brown bought 1,524 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased 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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