Burberry Group plc (LON:BRBY) Stock Has Consensus Price Target of GBX 1,256.25

Burberry Group plc (LON:BRBY) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,256.25.

A number of equities analysts have weighed in on the company. Citigroup reduced their price target on Burberry Group from GBX 1,560 to GBX 1,510 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Royal Bank Of Canada cut shares of Burberry Group to a “sector perform” rating and decreased their price target for the stock from GBX 1,400 to GBX 1,200 in a research note on Tuesday, September 22nd. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 1,080 price objective on shares of Burberry Group in a report on Thursday, July 23rd.

Burberry Group Price Performance

Shares of Burberry Group stock opened at GBX 1,052 on Friday. The business’s 50 day simple moving average is GBX 1,049.85 and its 200 day simple moving average is GBX 1,100.85. Burberry Group has a 52-week low of GBX 953.40 and a 52-week high of GBX 1,376.50. The firm has a market cap of £3.77 billion, a PE ratio of 178.31, a P/E/G ratio of 1.66 and a beta of 0.70. The company has a debt-to-equity ratio of 162.02, a quick ratio of 1.63 and a current ratio of 1.87.

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.