Citigroup Issues Positive Forecast for Burberry Group (LON:BRBY) Stock Price

Burberry Group (LON:BRBY) had its target price hoisted by Citigroup from GBX 1,570 to GBX 1,590 in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Several other research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Burberry Group from GBX 1,500 to GBX 1,550 and gave the stock a “buy” rating in a research note on Thursday, November 13th. UBS Group reaffirmed a “buy” rating and set a GBX 1,570 target price on shares of Burberry Group in a research note on Friday, January 16th. JPMorgan Chase & Co. lowered shares of Burberry Group to an “underweight” rating and lifted their target price for the company from GBX 850 to GBX 950 in a report on Friday, November 28th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,400 price target on shares of Burberry Group in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,334.29.

Burberry Group Trading Down 2.1%

BRBY opened at GBX 1,199 on Monday. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 136.53. Burberry Group has a 52 week low of GBX 597 and a 52 week high of GBX 1,376.50. The stock has a market cap of £4.29 billion, a PE ratio of -166.53, a PEG ratio of 1.66 and a beta of 1.06. The business has a 50 day moving average of GBX 1,242.02 and a 200-day moving average of GBX 1,227.48.

Burberry Group (LON:BRBY) last issued its quarterly earnings results on Thursday, November 13th. The company reported GBX 0.60 earnings per share for the quarter. Burberry Group had a return on equity of 23.93% and a net margin of 9.10%. Equities research analysts predict that Burberry Group will post 32.6294821 earnings per share for the current fiscal 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. 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.