Burberry Group (LON:BRBY) Receives Neutral Rating from JPMorgan Chase & Co.

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Burberry Group (LON:BRBY – Get Rating)JPMorgan Chase & Co. equities analysts rated shares of “neutral” in a research report published on Friday, reports Marketbeat Ratings. They currently have a price target of GBX 1,900 ($23.27) on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 13.60% from the stock’s current price.

A number of other research analysts also recently issued reports on BRBY. The Royal Bank of Canada on Monday 11th Morgan Stanley confirmed an equal weight rating on shares of Burberry Group in a research note on Wednesday 11th May. Deutsche Bank Aktiengesellschaft revised a “hold” rating in a research note on Thursday, May 19 and set a price target of GBX 2,280 ($27.93) on shares of Burberry Group. Finally, Barclays raised its price target on shares of Burberry Group from GBX1,960 ($24.01) to GBX2,070 ($25.36) and gave a rating on the company on Monday, March 30. Six equities research analysts have a hold on the stock rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of GBX2,119.17 ($25.96).

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LON BRBY shares opened at GBX 1,672.50 ($20.49) on Friday. The Burberry Group has a 1-year low of GBX 1,473.50 ($18.05) and a 1-year high of GBX 2,267 ($27.77). The stock has a market cap of £6.63 billion and a P/E of 17.12. The company has a 50-day moving average of GBX1,612.10 and a 200-day moving average of GBX1,724.90. The company has a debt to equity ratio of 86.64, a current ratio of 2.53 and a quick ratio of 1.94.

In related news, insider Jonathan Akeroyd sold 34,395 shares of the company’s stock in a transaction that took place on Wednesday, June 15. The shares sold at an average price of GBX1,618 ($19.82) for a total transaction of £556,511.10 ($681,664.75).

About the Burberry Group (received rating)

Burberry Group plc, together with its subsidiaries, manufactures, retails and wholesales luxury goods under the Burberry brand. The Company operates through two segments, Retail/Wholesale and Licensing. It offers women’s, men’s and children’s clothing and accessories. The Company also licenses third parties to manufacture and distribute products using the Burberry brands.

Further reading

Analyst Recommendations for Burberry Group (LON:BRBY)

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