Burberry Group (LON:BRBY) Given New GBX 2,200 Price Target at Morgan Stanley

Burberry Group (LON:BRBY) had its price target increased by Morgan Stanley from GBX 2,000 ($26.31) to GBX 2,200 ($28.94) in a report issued on Friday, Digital Look reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential downside of 3.38% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group restated an “underperform” rating on shares of Burberry Group in a report on Tuesday, December 10th. UBS Group restated a “neutral” rating and set a GBX 2,202 ($28.97) price objective (up previously from GBX 2,175 ($28.61)) on shares of Burberry Group in a report on Tuesday, January 14th. Bryan, Garnier & Co boosted their price objective on shares of Burberry Group from GBX 1,780 ($23.41) to GBX 1,860 ($24.47) and gave the company a “neutral” rating in a report on Friday, January 10th. Goldman Sachs Group boosted their price objective on shares of Burberry Group from GBX 2,177 ($28.64) to GBX 2,200 ($28.94) and gave the company a “neutral” rating in a report on Wednesday, November 27th. Finally, Bank of America restated an “underperform” rating and set a GBX 1,850 ($24.34) price objective on shares of Burberry Group in a report on Tuesday, October 8th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 2,046.47 ($26.92).

LON BRBY traded down GBX 52 ($0.68) during trading on Friday, reaching GBX 2,277 ($29.95). 604,074 shares of the stock traded hands, compared to its average volume of 2,130,000. The firm has a market cap of $9.25 billion and a price-to-earnings ratio of 26.29. The stock’s 50-day moving average price is GBX 2,171.20 and its 200 day moving average price is GBX 2,112.38. The company has a quick ratio of 1.06, a current ratio of 1.69 and a debt-to-equity ratio of 88.99. Burberry Group has a fifty-two week low of GBX 1,678 ($22.07) and a fifty-two week high of GBX 2,362 ($31.07).

In related news, insider Debra L. Lee purchased 450 shares of Burberry Group stock in a transaction dated Friday, December 20th. The stock was bought at an average price of GBX 2,194 ($28.86) per share, for a total transaction of £9,873 ($12,987.37).

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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