Burberry Group plc (LON:BRBY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Burberry Group plc (LON:BRBY) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,348.75.

A number of analysts have weighed in on BRBY shares. JPMorgan Chase & Co. downgraded shares of Burberry Group to an “underweight” rating and increased their target price for the company from GBX 850 to GBX 950 in a research report on Friday, November 28th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,400 price objective on shares of Burberry Group in a research report on Thursday, January 22nd. Citigroup lifted their target price on shares of Burberry Group from GBX 1,570 to GBX 1,590 and gave the stock a “buy” rating in a research note on Monday, January 26th. Barclays raised shares of Burberry Group to an “overweight” rating and upped their price target for the company from GBX 1,340 to GBX 1,450 in a research report on Tuesday, January 27th. Finally, UBS Group reissued a “buy” rating and issued a GBX 1,570 price objective on shares of Burberry Group in a research report on Friday, January 16th.

Burberry Group Price Performance

Shares of BRBY opened at GBX 1,038.50 on Thursday. The business has a 50-day moving average of GBX 1,181.34 and a 200-day moving average of GBX 1,200.28. The company has a debt-to-equity ratio of 173.32, a current ratio of 1.88 and a quick ratio of 1.63. The company has a market capitalization of £3.72 billion, a price-to-earnings ratio of -144.24, a price-to-earnings-growth ratio of 1.66 and a beta of 0.70. Burberry Group has a 1 year low of GBX 597 and a 1 year high of GBX 1,376.50.

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.