JPMorgan Chase & Co. Reiterates “Neutral” Rating for Burberry Group (LON:BRBY)

Burberry Group (LON:BRBY)‘s stock had its “neutral” rating reissued by stock analysts at JPMorgan Chase & Co. in a report released on Tuesday, Digital Look reports. They currently have a GBX 1,050 ($13.32) target price on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 7.32% from the stock’s previous close.

Separately, Royal Bank of Canada dropped their price objective on shares of Burberry Group from GBX 1,500 ($19.03) to GBX 1,200 ($15.22) and set a “sector perform” rating on the stock in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 1,540.67 ($19.54).

Burberry Group Stock Down 3.9 %

Shares of Burberry Group stock opened at GBX 978.40 ($12.41) on Tuesday. Burberry Group has a fifty-two week low of GBX 958.40 ($12.16) and a fifty-two week high of GBX 2,275 ($28.86). The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 135.70. The firm has a market cap of £3.51 billion, a P/E ratio of 1,321.08, a P/E/G ratio of 1.85 and a beta of 1.13. The business has a 50-day moving average price of GBX 1,083.58 and a 200 day moving average price of GBX 1,227.54.

Insider Activity at Burberry Group

In related news, insider Jonathan Akeroyd sold 12,911 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of GBX 974 ($12.36), for a total value of £125,753.14 ($159,524.47). Corporate insiders own 0.19% of the company’s stock.

About Burberry Group

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.