Burberry Group (LON:BRBY) Given “Sector Perform” Rating at Royal Bank of Canada

Burberry Group (LON:BRBYGet Rating)‘s stock had its “sector perform” rating reiterated by analysts at Royal Bank of Canada in a research note issued to investors on Monday, Marketbeat Ratings reports. They presently have a GBX 1,940 ($25.28) price target on the stock. Royal Bank of Canada’s price objective points to a potential upside of 21.67% from the company’s previous close.

BRBY has been the topic of several other reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,050 ($26.71) price target on shares of Burberry Group in a research report on Monday, January 31st. Barclays reaffirmed an “equal weight” rating and issued a GBX 1,960 ($25.54) price objective on shares of Burberry Group in a research report on Friday, April 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Burberry Group in a research note on Tuesday, February 8th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Burberry Group presently has an average rating of “Hold” and an average price target of GBX 2,229.17 ($29.05).

Shares of BRBY opened at GBX 1,594.50 ($20.78) on Monday. The stock’s fifty day moving average is GBX 1,773.21 and its 200-day moving average is GBX 1,820.66. The firm has a market capitalization of £6.33 billion and a price-to-earnings ratio of 13.73. Burberry Group has a one year low of GBX 1,534.50 ($20.00) and a one year high of GBX 2,267 ($29.54). The company has a debt-to-equity ratio of 92.56, a quick ratio of 1.96 and a current ratio of 2.60.

In other Burberry Group news, insider Carolyn McCall bought 18 shares of Burberry Group stock in a transaction dated Friday, January 28th. The shares were purchased at an average cost of GBX 1,849 ($24.09) per share, with a total value of £332.82 ($433.70). Also, insider Gerry M. Murphy acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The shares were purchased at an average cost of GBX 1,613 ($21.02) per share, for a total transaction of £80,650 ($105,095.13). Over the last 90 days, insiders bought 8,158 shares of company stock valued at $13,062,622.

About Burberry Group (Get Rating)

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 offers women, men, and children apparels, as well as accessories. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks.

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Analyst Recommendations for Burberry Group (LON:BRBY)

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