Burberry Group plc (LON:BRBY) Receives GBX 1,827.71 Average Target Price from Analysts

Shares of Burberry Group plc (LON:BRBY) have earned an average recommendation of “Reduce” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 1,827.71 ($22.96).

Separately, Royal Bank of Canada decreased their target price on Burberry Group from GBX 1,500 ($18.84) to GBX 1,200 ($15.07) and set a “sector perform” rating for the company in a research note on Thursday, April 4th.

Burberry Group Price Performance

Shares of BRBY stock opened at GBX 1,142 ($14.34) on Monday. The firm has a market capitalization of £4.09 billion, a price-to-earnings ratio of 951.67, a price-to-earnings-growth ratio of 4.39 and a beta of 1.12. Burberry Group has a 12-month low of GBX 1,103.50 ($13.86) and a 12-month high of GBX 2,623 ($32.95). The company has a quick ratio of 1.63, a current ratio of 1.55 and a debt-to-equity ratio of 138.77. The firm has a fifty day moving average of GBX 1,214.03 and a 200-day moving average of GBX 1,382.30.

About Burberry Group

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.