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

Burberry Group (LON:BRBY) had its price target hoisted by equities researchers at Royal Bank of Canada from GBX 1,000 ($12.45) to GBX 1,300 ($16.19) in a report released on Tuesday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 16.91% from the stock’s current price.

Burberry Group Price Performance

Shares of LON BRBY opened at GBX 1,112 ($13.84) on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 135.70. Burberry Group has a twelve month low of GBX 555.61 ($6.92) and a twelve month high of GBX 1,351 ($16.82). The business’s 50 day moving average price is GBX 965.65 and its two-hundred day moving average price is GBX 802.34. The company has a market cap of £3.99 billion, a PE ratio of 1,502.70, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

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

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.