Analysts Set Burberry Group plc (LON:BRBY) Price Target at GBX 1,348.75

Shares of Burberry Group plc (LON:BRBY) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 1,348.75.

BRBY has been the subject of several analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,400 price objective on shares of Burberry Group in a research note on Thursday, January 22nd. JPMorgan Chase & Co. downgraded Burberry Group to an “underweight” rating and increased their price target for the stock from GBX 850 to GBX 950 in a report on Friday, November 28th. UBS Group reissued a “buy” rating and set a GBX 1,570 price target on shares of Burberry Group in a research note on Friday, January 16th. Barclays upgraded Burberry Group to an “overweight” rating and boosted their price objective for the company from GBX 1,340 to GBX 1,450 in a report on Tuesday, January 27th. Finally, Citigroup upped their price objective on Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a “buy” rating in a research report on Monday, January 26th.

Burberry Group Stock Performance

Shares of LON:BRBY opened at GBX 1,025.50 on Thursday. The company has a market capitalization of £3.67 billion, a price-to-earnings ratio of -142.43, a PEG ratio of 1.66 and a beta of 0.70. Burberry Group has a 12 month low of GBX 597 and a 12 month high of GBX 1,376.50. The firm’s 50-day moving average is GBX 1,186.57 and its 200 day moving average is GBX 1,202.95. The company has a current ratio of 1.88, a quick ratio of 1.63 and a debt-to-equity ratio of 173.32.

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.