Burberry Group (LON:BRBY) Sets New 1-Year High – Here’s Why

Burberry Group plc (LON:BRBY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,376.50 and last traded at GBX 1,367, with a volume of 3813045 shares traded. The stock had previously closed at GBX 1,300.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BRBY shares. JPMorgan Chase & Co. downgraded 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Burberry Group from GBX 1,500 to GBX 1,550 and gave the company a “buy” rating in a research note on Thursday, November 13th. Jefferies Financial Group upped their price objective on Burberry Group from GBX 580 to GBX 680 and gave the stock an “underperform” rating in a report on Tuesday, September 23rd. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,400 target price on shares of Burberry Group in a research note on Thursday, September 25th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 1,575 price target on shares of Burberry Group in a report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 1,336.43.

Burberry Group Price Performance

The company has a debt-to-equity ratio of 136.53, a current ratio of 1.66 and a quick ratio of 1.63. The company has a fifty day moving average of GBX 1,222.77 and a 200 day moving average of GBX 1,213.89. The firm has a market capitalization of £4.80 billion, a P/E ratio of -184.74, a PEG ratio of 1.66 and a beta of 1.06.

Burberry Group (LON:BRBY) last posted its quarterly earnings results on Thursday, November 13th. The company reported GBX 0.60 earnings per share for the quarter. Burberry Group had a net margin of 9.10% and a return on equity of 23.93%. Sell-side analysts predict that Burberry Group plc will post 32.6294821 earnings per share for the current year.

About Burberry Group

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.