Burberry Group’s (BRBY) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of Burberry Group (LON:BRBY) in a research note issued to investors on Monday,Digital Look reports. Royal Bank Of Canada currently has a GBX 1,400 price objective on the stock.

Several other brokerages have also recently commented on BRBY. Jefferies Financial Group reissued an “underperform” rating and set a GBX 940 price target on shares of Burberry Group in a research report on Wednesday, June 24th. Citigroup dropped their price objective on Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating on the stock in a research note on Monday, June 1st. UBS Group reissued a “buy” rating and issued a GBX 1,410 price objective on shares of Burberry Group in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,480 target price on shares of Burberry Group in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Burberry Group from GBX 950 to GBX 980 and gave the stock an “underweight” rating in a report on Friday, May 15th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Burberry Group has a consensus rating of “Hold” and an average price target of GBX 1,322.22.

Burberry Group Stock Down 1.3%

Shares of BRBY stock opened at GBX 1,072 on Monday. The firm’s fifty day moving average price is GBX 1,106.78 and its two-hundred day moving average price is GBX 1,140.04. The company has a current ratio of 1.87, a quick ratio of 1.63 and a debt-to-equity ratio of 162.02. Burberry Group has a 1 year low of GBX 976 and a 1 year high of GBX 1,376.50. The firm has a market capitalization of £3.85 billion, a P/E ratio of 181.69, a PEG ratio of 1.66 and a beta of 0.68.

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

Insider Activity at Burberry Group

In related news, insider Kate Ferry acquired 32,026 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were bought at an average cost of GBX 1,089 per share, with a total value of £348,763.14. 0.63% of the stock is currently owned by corporate insiders.

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.