Burberry Group (LON:BRBY) had its price target reduced by Royal Bank of Canada from GBX 1,975 ($25.81) to GBX 1,925 ($25.15) in a research report released on Friday morning, ThisIsMoney.Co.Uk reports. They currently have an underperform rating on the stock.
A number of other equities research analysts also recently weighed in on the company. Morgan Stanley reaffirmed an equal weight rating on shares of Burberry Group in a report on Monday, July 15th. JPMorgan Chase & Co. lifted their price objective on Burberry Group from GBX 1,850 ($24.17) to GBX 2,000 ($26.13) and gave the company a neutral rating in a report on Wednesday, July 17th. Jefferies Financial Group downgraded Burberry Group to an underperform rating and lifted their price objective for the company from GBX 1,800 ($23.52) to GBX 2,000 ($26.13) in a report on Wednesday, July 17th. UBS Group reaffirmed a neutral rating and set a GBX 2,200 ($28.75) price objective (down from GBX 2,240 ($29.27)) on shares of Burberry Group in a report on Tuesday, October 8th. Finally, Goldman Sachs Group raised Burberry Group to a neutral rating and decreased their price objective for the company from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a report on Friday, June 28th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 2,005 ($26.20).
LON BRBY opened at GBX 1,886.50 ($24.65) on Friday. The company has a current ratio of 2.51, a quick ratio of 1.70 and a debt-to-equity ratio of 2.55. The stock’s 50 day moving average is GBX 2,090.35 and its two-hundred day moving average is GBX 2,006.32. The company has a market capitalization of $7.73 billion and a price-to-earnings ratio of 23.09. Burberry Group has a 1-year low of GBX 1,618.50 ($21.15) and a 1-year high of GBX 2,362 ($30.86).
About Burberry Group
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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