Burberry Group (LON:BRBY) had its price target hoisted by Royal Bank of Canada from GBX 1,350 ($17.76) to GBX 1,490 ($19.60) in a report issued on Tuesday, Stock Target Advisor reports. They currently have an underperform rating on the stock.
BRBY has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered their price target on shares of Burberry Group from GBX 1,950 ($25.65) to GBX 1,500 ($19.73) and set a neutral rating on the stock in a report on Friday, March 20th. Credit Suisse Group lowered their price target on shares of Burberry Group from GBX 2,600 ($34.20) to GBX 1,700 ($22.36) and set an outperform rating on the stock in a report on Friday, March 27th. Deutsche Bank reissued a hold rating on shares of Burberry Group in a report on Tuesday. Citigroup lowered their target price on shares of Burberry Group from GBX 2,240 ($29.47) to GBX 1,900 ($24.99) and set a neutral rating on the stock in a report on Friday, February 28th. Finally, Sanford C. Bernstein raised shares of Burberry Group to a market perform rating in a report on Thursday, March 12th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Burberry Group currently has a consensus rating of Hold and an average price target of GBX 1,710.19 ($22.50).
LON:BRBY opened at GBX 1,534.50 ($20.19) on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.06 and a debt-to-equity ratio of 88.99. The stock has a market capitalization of $5.88 billion and a PE ratio of 18.29. The firm’s 50 day moving average is GBX 1,393.15 and its 200 day moving average is GBX 1,783.77. Burberry Group has a 12 month low of GBX 1,017 ($13.38) and a 12 month high of GBX 2,362 ($31.07).
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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