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

Burberry Group (LON:BRBY) was upgraded by Royal Bank of Canada to an “outperform” rating in a research note issued to investors on Thursday, MarketBeat reports. The firm currently has a GBX 900 ($11.72) price objective on the stock, up from their prior price objective of GBX 650 ($8.46). Royal Bank of Canada’s target price points to a potential upside of 10.52% from the company’s current price.

BRBY has been the subject of a number of other reports. Barclays downgraded shares of Burberry Group to an “underweight” rating in a research report on Monday, September 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 800 ($10.41) price target on shares of Burberry Group in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 1,125 ($14.64).

Burberry Group Stock Performance

Shares of BRBY stock opened at GBX 814.35 ($10.60) on Thursday. The company has a debt-to-equity ratio of 135.70, a current ratio of 1.66 and a quick ratio of 1.63. The firm has a 50-day moving average of GBX 680.93 and a 200-day moving average of GBX 847.49. Burberry Group has a one year low of GBX 555.61 ($7.23) and a one year high of £804.80 ($1,047.64). The company has a market cap of £2.92 billion, a P/E ratio of 1,100.47, a P/E/G ratio of 1.66 and a beta of 1.06.

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.