Burberry Group (LON:BRBY) Given a GBX 1,925 Price Target by Royal Bank of Canada Analysts
Royal Bank of Canada set a GBX 1,925 ($25.15) target price on Burberry Group (LON:BRBY) in a report issued on Thursday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
A number of other research analysts have also recently commented on the company. UBS Group reaffirmed a neutral rating on shares of Burberry Group in a research report on Friday, November 8th. HSBC reaffirmed a hold rating on shares of Burberry Group in a research report on Monday, September 9th. Bank of America reaffirmed an underperform rating and set a GBX 1,850 ($24.17) price target on shares of Burberry Group in a research report on Tuesday, October 8th. Deutsche Bank reaffirmed a hold rating on shares of Burberry Group in a research report on Tuesday, October 22nd. Finally, BNP Paribas upped their price target on Burberry Group from GBX 1,700 ($22.21) to GBX 2,050 ($26.79) and gave the company a neutral rating in a research report on Tuesday, September 17th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 2,011.43 ($26.28).
Shares of LON BRBY traded up GBX 23 ($0.30) during trading on Thursday, reaching GBX 2,152 ($28.12). 2,974,217 shares of the stock traded hands, compared to its average volume of 2,130,000. Burberry Group has a 52-week low of GBX 1,618.50 ($21.15) and a 52-week high of GBX 2,362 ($30.86). The company has a debt-to-equity ratio of 88.99, a current ratio of 1.69 and a quick ratio of 1.10. The company has a 50-day moving average of GBX 2,033.34 and a 200-day moving average of GBX 2,015.94. The stock has a market capitalization of $8.81 billion and a P/E ratio of 24.85.
Burberry Group Company Profile
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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