Citigroup Boosts Burberry Group (LON:BRBY) Price Target to GBX 1,590

Burberry Group (LON:BRBY) had its price objective increased by stock analysts at Citigroup from GBX 1,570 to GBX 1,590 in a research note issued to investors on Monday,Digital Look reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 32.61% from the stock’s current price.

BRBY has been the subject of several other research reports. UBS Group reissued a “buy” rating and issued a GBX 1,570 price target on shares of Burberry Group in a report on Friday, January 16th. JPMorgan Chase & Co. cut shares of Burberry Group to an “underweight” rating and upped their price objective for the stock from GBX 850 to GBX 950 in a research report on Friday, November 28th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,400 target price on shares of Burberry Group in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Burberry Group from GBX 1,500 to GBX 1,550 and gave the company a “buy” rating in a research note on Thursday, November 13th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 1,334.29.

Burberry Group Stock Down 2.1%

Shares of BRBY traded down GBX 26.22 during midday trading on Monday, reaching GBX 1,199. 2,633,228 shares of the stock were exchanged, compared to its average volume of 4,271,375. Burberry Group has a 52 week low of GBX 597 and a 52 week high of GBX 1,376.50. The company’s 50 day moving average is GBX 1,241.07 and its two-hundred day moving average is GBX 1,227.64. The company has a market capitalization of £4.29 billion, a P/E ratio of -166.53, a PEG ratio of 1.66 and a beta of 1.06. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53.

Burberry Group (LON:BRBY) last announced its quarterly earnings results on Thursday, November 13th. The company reported GBX 0.60 earnings per share for the quarter. Burberry Group had a net margin of 9.10% and a return on equity of 23.93%. On average, sell-side analysts anticipate that Burberry Group will post 32.6294821 earnings per share for the current year.

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.