Burberry Group (LON:BRBY) had its target price lowered by Societe Generale from GBX 2,350 ($30.91) to GBX 2,100 ($27.62) in a report issued on Wednesday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently commented on BRBY. Deutsche Bank reduced their price target on Burberry Group from GBX 1,990 ($26.18) to GBX 1,950 ($25.65) and set a hold rating for the company in a research report on Thursday, March 12th. Morgan Stanley increased their price target on Burberry Group from GBX 2,000 ($26.31) to GBX 2,200 ($28.94) and gave the company an equal weight rating in a research report on Friday, January 17th. UBS Group reissued a sell rating on shares of Burberry Group in a research report on Monday, March 9th. Bank of America raised Burberry Group to a buy rating and reduced their price target for the company from GBX 1,850 ($24.34) to GBX 1,800 ($23.68) in a research report on Monday, March 2nd. Finally, Citigroup reduced their price target on Burberry Group from GBX 2,240 ($29.47) to GBX 1,900 ($24.99) and set a neutral rating for the company in a research report on Friday, February 28th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. Burberry Group presently has a consensus rating of Hold and an average target price of GBX 1,915 ($25.19).

LON BRBY traded up GBX 20.50 ($0.27) during trading hours on Wednesday, hitting GBX 1,159 ($15.25). 4,127,108 shares of the company traded hands, compared to its average volume of 2,130,000. The business’s 50-day moving average is GBX 1,735.72 and its 200-day moving average is GBX 2,018.87. Burberry Group has a twelve month low of GBX 1,454 ($19.13) and a twelve month high of GBX 2,362 ($31.07). The company has a debt-to-equity ratio of 88.99, a quick ratio of 1.06 and a current ratio of 1.69. The stock has a market capitalization of $4.46 billion and a price-to-earnings ratio of 13.38.

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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