Burberry Group (LON:BRBY) Raised to Outperform at Royal Bank of Canada

Burberry Group (LON:BRBY) was upgraded by research analysts at Royal Bank of Canada to an “outperform” rating in a research report issued to clients and investors on Thursday,Digital Look reports. The firm presently has a GBX 900 ($11.72) target price on the stock, up from their previous target price of GBX 650 ($8.46). Royal Bank of Canada’s price target would indicate a potential upside of 3.38% from the stock’s current price.

A number of other research firms have also recently issued reports on BRBY. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 800 ($10.41) price objective on shares of Burberry Group in a report on Tuesday, July 16th. Barclays cut shares of Burberry Group to an “underweight” rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 1,125 ($14.64).

Burberry Group Price Performance

Burberry Group stock traded up GBX 57 ($0.74) during midday trading on Thursday, hitting GBX 870.60 ($11.33). 2,723,793 shares of the company’s stock were exchanged, compared to its average volume of 4,578,614. The stock has a 50-day moving average price of GBX 675.60 and a two-hundred day moving average price of GBX 849.79. The company has a market cap of £3.12 billion, a P/E ratio of 1,176.49, a PEG ratio of 1.66 and a beta of 1.06. Burberry Group has a 52-week low of GBX 555.61 ($7.23) and a 52-week high of GBX 1,750 ($22.78). 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.