Burberry Group plc (LON:BRBY) Receives GBX 1,348.75 Average Price Target from Analysts

Burberry Group plc (LON:BRBY) has been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,348.75.

BRBY has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut shares of Burberry Group to an “underweight” rating and increased their target price for the stock from GBX 850 to GBX 950 in a research report on Friday, November 28th. Citigroup lifted their price objective on Burberry Group from GBX 1,570 to GBX 1,590 and gave the stock a “buy” rating in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Burberry Group from GBX 1,500 to GBX 1,550 and gave the company a “buy” rating in a research report on Thursday, November 13th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,400 price objective on shares of Burberry Group in a report on Thursday, January 22nd. Finally, Barclays upgraded shares of Burberry Group to an “overweight” rating and lifted their price target for the company from GBX 1,340 to GBX 1,450 in a research note on Tuesday, January 27th.

Burberry Group Stock Up 3.0%

BRBY opened at GBX 1,209.50 on Friday. The company has a debt-to-equity ratio of 136.53, a current ratio of 1.66 and a quick ratio of 1.63. Burberry Group has a fifty-two week low of GBX 597 and a fifty-two week high of GBX 1,376.50. The business has a 50-day moving average of GBX 1,235.30 and a 200-day moving average of GBX 1,210.57. The company has a market capitalization of £4.33 billion, a PE ratio of -167.99, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

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.