Burberry Group (LON:BRBY) Upgraded by Royal Bank of Canada to Outperform Rating

Burberry Group (LON:BRBY) was upgraded by research analysts at Royal Bank of Canada to an “outperform” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm presently has a GBX 900 ($11.72) price objective on the stock, up from their previous price objective of GBX 650 ($8.46). Royal Bank of Canada’s price objective would suggest a potential upside of 10.52% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 800 ($10.41) target price on shares of Burberry Group in a research note on Tuesday, July 16th. Barclays lowered shares of Burberry Group to an “underweight” rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 1,125 ($14.64).

Burberry Group Trading Down 6.5 %

Shares of BRBY opened at GBX 814.35 ($10.60) on Thursday. Burberry Group has a fifty-two week low of GBX 555.61 ($7.23) and a fifty-two week high of £804.80 ($1,047.64). The business has a 50-day moving average of GBX 680.93 and a 200 day moving average of GBX 847.49. The firm has a market cap of £2.92 billion, a P/E ratio of 1,100.47, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The company has a debt-to-equity ratio of 135.70, a quick ratio of 1.63 and a current ratio of 1.66.

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.