Burberry Group’s (BRBY) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Burberry Group (LON:BRBY) in a research note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 1,400 target price on the stock.

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Burberry Group to an “underweight” rating and lifted their price objective for the stock from GBX 850 to GBX 950 in a research report on Friday, November 28th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Burberry Group from GBX 1,500 to GBX 1,550 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, UBS Group reiterated a “buy” rating and set a GBX 1,570 price objective on shares of Burberry Group in a report on Friday, January 16th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 1,335.71.

Burberry Group Stock Performance

Shares of LON BRBY opened at GBX 1,225.22 on Thursday. The firm has a market cap of £4.39 billion, a P/E ratio of -170.17, a PEG ratio of 1.66 and a beta of 1.06. The company has a debt-to-equity ratio of 136.53, a quick ratio of 1.63 and a current ratio of 1.66. Burberry Group has a 1 year low of GBX 597 and a 1 year high of GBX 1,376.50. The stock has a fifty day moving average price of GBX 1,241.07 and a two-hundred day moving average price of GBX 1,227.47.

Burberry Group (LON:BRBY) last issued its quarterly earnings data on Thursday, November 13th. The company reported GBX 0.60 earnings per share for the quarter. Burberry Group had a return on equity of 23.93% and a net margin of 9.10%. Research analysts forecast that Burberry Group will post 32.6294821 EPS for the current fiscal year.

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. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks. It sells its products through Burberry mainline stores, concessions, outlets, digital commerce, Burberry franchisees, department stores, and multi-brand specialty accounts, as well as through Burberry.com website.