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

Burberry Group (LON:BRBY) had its target price increased by equities research analysts at Royal Bank of Canada from GBX 1,000 ($12.45) to GBX 1,300 ($16.19) in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 16.91% from the stock’s current price.

Burberry Group Stock Down 0.1 %

Shares of LON:BRBY opened at GBX 1,112 ($13.84) on Tuesday. Burberry Group has a 52 week low of GBX 555.61 ($6.92) and a 52 week high of GBX 1,351 ($16.82). The company has a market capitalization of £3.99 billion, a PE ratio of 1,502.70, a PEG ratio of 1.66 and a beta of 1.06. The company has a debt-to-equity ratio of 135.70, a quick ratio of 1.63 and a current ratio of 1.66. The company has a 50 day moving average price of GBX 965.65 and a two-hundred day moving average price of GBX 802.34.

Burberry Group (LON:BRBY) last posted its earnings results on Thursday, November 14th. The company reported GBX (18.30) (($0.23)) earnings per share for the quarter. Burberry Group had a return on equity of 20.13% and a net margin of 9.10%. Analysts forecast that Burberry Group will post 32.6294821 earnings per share 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.