Royal Bank of Canada Boosts Burberry Group (LON:BRBY) Price Target to GBX 1,300

Burberry Group (LON:BRBY) had its price objective upped by analysts at Royal Bank of Canada from GBX 1,000 ($12.44) to GBX 1,300 ($16.18) in a research report issued on Tuesday,Digital Look reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 16.75% from the company’s current price.

Burberry Group Price Performance

BRBY stock traded down GBX 19.50 ($0.24) during mid-day trading on Tuesday, reaching GBX 1,113.50 ($13.85). 2,076,665 shares of the company’s stock were exchanged, compared to its average volume of 10,270,868. The company has a debt-to-equity ratio of 135.70, a current ratio of 1.66 and a quick ratio of 1.63. Burberry Group has a 12-month low of GBX 555.61 ($6.91) and a 12-month high of GBX 1,351 ($16.81). The stock’s 50 day moving average is GBX 956.63 and its 200 day moving average is GBX 798.74. The company has a market cap of £3.99 billion, a price-to-earnings ratio of 1,504.73, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

Burberry Group (LON:BRBY) last issued its quarterly earnings results on Thursday, November 14th. The company reported GBX (18.30) (($0.23)) EPS for the quarter. Burberry Group had a return on equity of 20.13% and a net margin of 9.10%. On average, research analysts expect that Burberry Group will post 32.6294821 EPS 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.