Burberry Group (LON:BRBY) Price Target Cut to GBX 1,200

Burberry Group (LON:BRBY) had its price target lowered by equities researchers at Royal Bank of Canada from GBX 1,500 ($18.83) to GBX 1,200 ($15.06) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 3.49% from the company’s previous close.

Burberry Group Stock Down 1.9 %

Shares of LON BRBY opened at GBX 1,159.50 ($14.56) on Thursday. Burberry Group has a 1 year low of GBX 1,151.50 ($14.46) and a 1 year high of GBX 2,656 ($33.34). The firm has a market cap of £4.16 billion, a price-to-earnings ratio of 974.37, a PEG ratio of 3.78 and a beta of 1.14. The company has a debt-to-equity ratio of 138.77, a quick ratio of 1.63 and a current ratio of 1.55. The stock’s 50-day simple moving average is GBX 1,264.29 and its 200-day simple moving average is GBX 1,474.78.

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.