Burberry Group plc (LON:BRBY) Receives Average Rating of “Reduce” from Brokerages

Burberry Group plc (LON:BRBY) has been given a consensus rating of “Reduce” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,827.71 ($22.96).

Separately, Royal Bank of Canada dropped their price objective on shares of Burberry Group from GBX 1,500 ($18.84) to GBX 1,200 ($15.07) and set a “sector perform” rating on the stock in a report on Thursday, April 4th.

Burberry Group Stock Performance

Shares of LON BRBY opened at GBX 1,180 ($14.82) on Monday. The company has a market cap of £4.23 billion, a P/E ratio of 991.60, a P/E/G ratio of 4.32 and a beta of 1.12. Burberry Group has a 12 month low of GBX 1,103.50 ($13.86) and a 12 month high of GBX 2,602 ($32.68). The business’s 50 day moving average is GBX 1,205.04 and its two-hundred day moving average is GBX 1,369.68. The company has a quick ratio of 1.63, a current ratio of 1.55 and a debt-to-equity ratio of 138.77.

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.