Burberry Group (LON:BRBY) Stock Price Expected to Rise, Citigroup Analyst Says

Burberry Group (LON:BRBY) had its price objective increased by Citigroup from GBX 1,570 to GBX 1,590 in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 36.01% from the company’s previous close.

BRBY has been the topic of several other reports. UBS Group restated a “buy” rating and set a GBX 1,570 price objective on shares of Burberry Group in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Burberry Group from GBX 1,500 to GBX 1,550 and gave the stock a “buy” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. lowered Burberry Group to an “underweight” rating and raised their price objective for the company from GBX 850 to GBX 950 in a research note on Friday, November 28th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,400 price target on shares of Burberry Group in a report on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Burberry Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,348.75.

Burberry Group Stock Down 0.4%

Shares of Burberry Group stock opened at GBX 1,169 on Monday. The company has a 50-day moving average of GBX 1,242.50 and a 200 day moving average of GBX 1,227.20. The firm has a market cap of £4.19 billion, a price-to-earnings ratio of -162.36, a PEG ratio of 1.66 and a beta of 1.06. Burberry Group has a 1 year low of GBX 597 and a 1 year high of GBX 1,376.50. 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 (LON:BRBY) last issued its earnings results on Thursday, November 13th. The company reported GBX 0.60 earnings per share (EPS) for the quarter. Burberry Group had a net margin of 9.10% and a return on equity of 23.93%. As a group, sell-side analysts anticipate that Burberry Group will post 32.6294821 earnings per share for the current fiscal 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. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks. It sells its products through Burberry mainline stores, concessions, outlets, digital commerce, Burberry franchisees, department stores, and multi-brand specialty accounts, as well as through Burberry.com website.