Royal Bank Of Canada Reaffirms Outperform Rating for Burberry Group (LON:BRBY)

Burberry Group (LON:BRBY)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank Of Canada in a report issued on Thursday, Marketbeat Ratings reports. They currently have a GBX 1,400 price target on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 11.51% from the stock’s current price.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut shares of Burberry Group to an “underweight” rating and upped their target price for the company from GBX 850 to GBX 950 in a research report on Friday, November 28th. UBS Group reaffirmed a “buy” rating and set a GBX 1,570 price objective on shares of Burberry Group in a research report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft increased 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 report on Thursday, November 13th. Five equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 1,335.71.

Burberry Group Trading Down 1.9%

Shares of BRBY stock opened at GBX 1,255.50 on Thursday. 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 has a 12-month low of GBX 597 and a 12-month high of GBX 1,376.50. The stock has a market capitalization of £4.50 billion, a P/E ratio of -174.38, a P/E/G ratio of 1.66 and a beta of 1.06. The firm’s 50 day moving average is GBX 1,240.97 and its 200 day moving average is GBX 1,227.21.

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

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. 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.