Burberry Group (LON:BRBY) Price Target Raised to GBX 1,300 at Royal Bank of Canada

Burberry Group (LON:BRBY) had its target price increased by Royal Bank of Canada from GBX 1,000 ($12.44) to GBX 1,300 ($16.18) in a report issued on Tuesday morning, Marketbeat Ratings reports. They currently have an outperform rating on the stock.

Burberry Group Price Performance

Shares of BRBY opened at GBX 1,105.67 ($13.76) on Tuesday. Burberry Group has a 52-week low of GBX 555.61 ($6.91) and a 52-week high of GBX 1,351 ($16.81). The company has a debt-to-equity ratio of 135.70, a quick ratio of 1.63 and a current ratio of 1.66. The business’s 50 day moving average price is GBX 961.54 and its two-hundred day moving average price is GBX 800.49. The firm has a market cap of £3.96 billion, a PE ratio of 1,494.15, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

Burberry Group (LON:BRBY) last released its quarterly earnings data on Thursday, November 14th. The company reported GBX (18.30) (($0.23)) EPS for the quarter. Burberry Group had a net margin of 9.10% and a return on equity of 20.13%. On average, equities analysts anticipate that Burberry Group will post 32.6294821 EPS 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.