Royal Bank of Canada Cuts Burberry Group (LON:BRBY) Price Target to GBX 1,200

Burberry Group (LON:BRBY) had its price target decreased by equities research analysts at Royal Bank of Canada from GBX 1,300 ($16.83) to GBX 1,200 ($15.53) in a note issued to investors on Friday, MarketBeat.com reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 48.50% from the stock’s previous close.

Burberry Group Stock Performance

Shares of Burberry Group stock opened at GBX 808.10 ($10.46) on Friday. Burberry Group has a 1 year low of GBX 555.61 ($7.19) and a 1 year high of GBX 1,254.50 ($16.24). The firm’s 50-day moving average is GBX 1,055.17 and its 200 day moving average is GBX 894.71. The stock has a market cap of £2.89 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 1.66 and a beta of 1.06. The company has a debt-to-equity ratio of 136.53, a current ratio of 1.66 and a quick ratio of 1.63.

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.