Burberry Group (LON:BRBY) Downgraded to Sector perform Rating by Royal Bank Of Canada

Royal Bank Of Canada lowered shares of Burberry Group (LON:BRBY) to a sector perform rating in a report published on Tuesday,Digital Look reports. The firm currently has GBX 1,200 target price on the stock, down from their previous target price of GBX 1,400.

BRBY has been the subject of several other reports. Berenberg Bank reissued a “hold” rating and issued a GBX 1,080 price target on shares of Burberry Group in a report on Thursday, July 23rd. Citigroup dropped their target price on shares of Burberry Group from GBX 1,560 to GBX 1,510 and set a “buy” rating for the company in a report on Wednesday, August 12th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 940 price objective on shares of Burberry Group in a research report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 1,256.25.

Burberry Group Trading Down 0.1%

Shares of Burberry Group stock opened at GBX 1,024 on Tuesday. Burberry Group has a 1 year low of GBX 953.40 and a 1 year high of GBX 1,376.50. The company has a debt-to-equity ratio of 162.02, a quick ratio of 1.63 and a current ratio of 1.87. The company has a market capitalization of £3.67 billion, a P/E ratio of 173.56, a PEG ratio of 1.66 and a beta of 0.70. The company’s fifty day moving average is GBX 1,087.38 and its two-hundred day moving average is GBX 1,103.47.

Insider Activity

In related news, insider Kate Ferry sold 18,479 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of GBX 1,090, for a total transaction of £201,421.10. 0.66% of the stock is 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.