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

Burberry Group (LON:BRBY)‘s stock had its “outperform” rating reiterated by analysts at Royal Bank Of Canada in a report issued on Tuesday,Digital Look reports. They presently have a GBX 1,400 price target on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 28.50% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. UBS Group reissued a “buy” rating and issued a GBX 1,410 target price on shares of Burberry Group in a research note on Monday, May 11th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 940 target price on shares of Burberry Group in a research note on Friday. Citigroup increased their target price on Burberry Group from GBX 1,570 to GBX 1,590 and gave the stock a “buy” rating in a research note on Monday, January 26th. Barclays upgraded shares of Burberry Group to an “overweight” rating and increased their price target for the company from GBX 1,340 to GBX 1,450 in a report on Tuesday, January 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Burberry Group from GBX 950 to GBX 980 and gave the stock an “underweight” rating in a report on Friday. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 1,325.56.

Burberry Group Price Performance

Shares of BRBY opened at GBX 1,089.50 on Tuesday. The stock has a market cap of £3.90 billion, a PE ratio of -151.32, a price-to-earnings-growth ratio of 1.66 and a beta of 0.68. 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 has a fifty-two week low of GBX 939.20 and a fifty-two week high of GBX 1,376.50. The firm’s 50-day simple moving average is GBX 1,110.93 and its two-hundred day simple moving average is GBX 1,176.04.

Burberry Group (LON:BRBY) last announced its quarterly earnings data on Thursday, May 14th. The company reported GBX 15.20 earnings per share for the quarter. Burberry Group had a net margin of 0.87% and a return on equity of 2.29%. The business had revenue of GBX 242 billion for the quarter. Analysts anticipate that Burberry Group will post 32.6294821 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Burberry Group news, insider Stella King acquired 608 shares of Burberry Group stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average cost of GBX 1,024 per share, for a total transaction of £6,225.92. Insiders own 0.54% of the company’s stock.

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.