Burberry Group (LON:BRBY – Get Rating)‘s stock had its “equal weight” rating reiterated by equities researchers at Morgan Stanley in a research note issued to investors on Wednesday, Digital Look reports.
Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Burberry Group in a report on Tuesday, February 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 1,940 ($23.92) price objective on shares of Burberry Group in a research note on Monday, April 11th. Barclays restated an “equal weight” rating and issued a GBX 1,960 ($24.16) target price on shares of Burberry Group in a research note on Friday, April 1st. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 2,050 ($25.27) price target on shares of Burberry Group in a research report on Monday, January 31st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Burberry Group currently has a consensus rating of “Hold” and a consensus target price of GBX 2,229.17 ($27.48).
LON BRBY opened at GBX 1,567.50 ($19.33) on Wednesday. The firm has a market cap of £6.22 billion and a P/E ratio of 13.39. The company has a quick ratio of 1.96, a current ratio of 2.60 and a debt-to-equity ratio of 92.56. The company’s 50 day moving average is GBX 1,622.84 and its 200-day moving average is GBX 1,783. Burberry Group has a 12-month low of GBX 1,473.50 ($18.17) and a 12-month high of GBX 2,267 ($27.95).
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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