Burberry Group (LON:BRBY) Upgraded to “Overweight” at Barclays

Barclays upgraded shares of Burberry Group (LON:BRBY) to an overweight rating in a research report report published on Tuesday, MarketBeat.com reports. The brokerage currently has GBX 1,450 price objective on the stock, up from their prior price objective of GBX 1,340.

Other equities research analysts have also recently issued research reports about the company. Citigroup raised their price objective on Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a “buy” rating in a research note on Monday. 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. UBS Group restated a “buy” rating and set a GBX 1,570 price target on shares of Burberry Group in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Burberry Group from GBX 1,500 to GBX 1,550 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, JPMorgan Chase & Co. cut shares of Burberry Group to an “underweight” rating and lifted their price objective for the company from GBX 850 to GBX 950 in a report on Friday, November 28th. Six analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,348.75.

Burberry Group Trading Down 2.7%

BRBY opened at GBX 1,138.50 on Tuesday. The company has a fifty day moving average price of GBX 1,242.50 and a two-hundred day moving average price of GBX 1,227.20. Burberry Group has a 1-year low of GBX 597 and a 1-year high of GBX 1,376.50. The company has a market cap of £4.08 billion, a P/E ratio of -158.13, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53.

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