Burberry Group (LON:BRBY) Price Target Raised to GBX 1,300

Burberry Group (LON:BRBY) had its price target boosted by Royal Bank of Canada from GBX 1,000 ($12.42) to GBX 1,300 ($16.15) in a research report sent to investors on Tuesday, Marketbeat reports. They currently have an outperform rating on the stock.

Burberry Group Price Performance

Shares of BRBY stock opened at GBX 1,177 ($14.62) on Tuesday. The firm has a market cap of £4.22 billion, a price-to-earnings ratio of 1,590.54, a PEG ratio of 1.66 and a beta of 1.06. Burberry Group has a 12 month low of GBX 555.61 ($6.90) and a 12 month high of GBX 1,351 ($16.78). The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 135.70. The stock has a 50-day moving average price of GBX 971.09 and a 200 day moving average price of GBX 804.44.

Burberry Group (LON:BRBY) last posted 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 return on equity of 20.13% and a net margin of 9.10%. 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.