Burberry Group (LON:BRBY) Receives “Outperform” Rating from Royal Bank Of Canada

Burberry Group (LON:BRBY)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank Of Canada in a report issued on Monday,Digital Look reports. They currently have a GBX 1,400 price objective on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 35.46% from the company’s previous close.

Several other analysts also recently weighed in on BRBY. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,080 target price on shares of Burberry Group in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,480 price objective on shares of Burberry Group in a research report on Monday, May 18th. JPMorgan Chase & Co. lifted their price objective on Burberry Group from GBX 950 to GBX 980 and gave the company an “underweight” rating in a report on Friday, May 15th. UBS Group reiterated a “buy” rating and set a GBX 1,410 target price on shares of Burberry Group in a research report on Monday, May 11th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a GBX 940 target price on shares of Burberry Group in a research note on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 1,322.22.

Burberry Group Stock Performance

LON:BRBY opened at GBX 1,033.50 on Monday. The firm’s fifty day moving average price is GBX 1,112.26 and its 200 day moving average price is GBX 1,144.25. Burberry Group has a 1-year low of GBX 976 and a 1-year high of GBX 1,376.50. The company has a debt-to-equity ratio of 162.02, a current ratio of 1.87 and a quick ratio of 1.63. The firm has a market cap of £3.71 billion, a price-to-earnings ratio of 175.17, a price-to-earnings-growth ratio of 1.66 and a beta of 0.68.

Burberry Group (LON:BRBY) last announced its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.20 earnings per share (EPS) for the quarter. The company had revenue of GBX 242 billion for the quarter. Burberry Group had a net margin of 0.87% and a return on equity of 2.29%. On average, sell-side analysts expect that Burberry Group will post 32.6294821 EPS for the current year.

Insider Buying and Selling at Burberry Group

In related news, insider Kate Ferry purchased 32,026 shares of the stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of GBX 1,089 per share, with a total value of £348,763.14. 0.63% of the stock is currently owned by company insiders.

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.