Royal Bank of Canada Raises Burberry Group (LON:BRBY) Price Target to GBX 1,490

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).

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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