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

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

Separately, Royal Bank of Canada reduced 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 research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 1,540.67 ($19.54).

Burberry Group Price Performance

Shares of LON BRBY opened at GBX 978.40 ($12.41) on Tuesday. The stock has a market capitalization of £3.51 billion, a PE ratio of 1,321.08, a P/E/G ratio of 1.85 and a beta of 1.13. 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 debt-to-equity ratio of 135.70, a current ratio of 1.66 and a quick ratio of 1.63. The business has a fifty day moving average price of GBX 1,083.58 and a two-hundred day moving average price of GBX 1,227.54.

Insider Transactions at Burberry Group

In related news, insider Jonathan Akeroyd sold 12,911 shares of the business’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 transaction of £125,753.14 ($159,524.47). Company insiders own 0.19% of the company’s stock.

Burberry Group Company Profile

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.