Burberry Group’s (BRBY) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of Burberry Group (LON:BRBY) in a report published on Monday morning,Digital Look reports. They currently have a GBX 1,400 target price on the stock.

A number of other research firms have also recently weighed in on BRBY. UBS Group reaffirmed a “buy” rating and set a GBX 1,410 price target on shares of Burberry Group in a report on Monday, May 11th. JPMorgan Chase & Co. increased their target price on Burberry Group from GBX 950 to GBX 980 and gave the stock an “underweight” rating in a report on Friday, May 15th. Berenberg Bank restated a “hold” rating and issued a GBX 1,080 target price on shares of Burberry Group in a research note on Tuesday, June 16th. Citigroup cut their price target on Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating for the company in a report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,480 price target on shares of Burberry Group in a research report on Monday, May 18th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Burberry Group currently has a consensus rating of “Hold” and a consensus target price of GBX 1,322.22.

Burberry Group Price Performance

Shares of Burberry Group stock opened at GBX 1,047.50 on Monday. The company has a current ratio of 1.87, a quick ratio of 1.63 and a debt-to-equity ratio of 162.02. The stock has a market capitalization of £3.76 billion, a price-to-earnings ratio of 177.54, a P/E/G ratio of 1.66 and a beta of 0.68. Burberry Group has a 1-year low of GBX 976 and a 1-year high of GBX 1,376.50. The firm’s 50-day moving average price is GBX 1,109.83 and its two-hundred day moving average price is GBX 1,142.71.

Burberry Group (LON:BRBY) last posted its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.20 earnings per share for the quarter. Burberry Group had a net margin of 0.87% and a return on equity of 2.29%. The company had revenue of GBX 242 billion during the quarter. On average, equities analysts predict that Burberry Group will post 32.6294821 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Kate Ferry acquired 32,026 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average price of GBX 1,089 per share, for a total transaction of £348,763.14. 0.63% of the stock is owned by company insiders.

About Burberry Group

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. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks. It sells its products through Burberry mainline stores, concessions, outlets, digital commerce, Burberry franchisees, department stores, and multi-brand specialty accounts, as well as through Burberry.com website.