Royal Bank Of Canada Reaffirms Outperform Rating for Burberry Group (LON:BRBY)

Burberry Group (LON:BRBY)‘s stock had its “outperform” rating reissued by analysts at Royal Bank Of Canada in a research report issued on Monday,Digital Look reports. They currently have a GBX 1,400 target price on the stock. Royal Bank Of Canada’s price target points to a potential upside of 28.85% from the stock’s current price.

BRBY has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,480 price objective on shares of Burberry Group in a research note on Monday, May 18th. Jefferies Financial Group restated an “underperform” rating and issued a GBX 940 target price on shares of Burberry Group in a research note on Wednesday, June 24th. UBS Group restated a “buy” rating and issued a GBX 1,410 target price on shares of Burberry Group in a research note on Monday, May 11th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 1,080 target price on shares of Burberry Group in a report on Tuesday, June 16th. Finally, Citigroup decreased their price target on Burberry Group from GBX 1,590 to GBX 1,560 and set a “buy” rating for the company in a research report on Monday, June 1st. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 1,322.22.

Burberry Group Stock Performance

LON BRBY opened at GBX 1,086.50 on Monday. Burberry Group has a 1 year low of GBX 976 and a 1 year high of GBX 1,376.50. The company has a debt-to-equity ratio of 162.02, a current ratio of 1.87 and a quick ratio of 1.63. The firm has a market cap of £3.90 billion, a price-to-earnings ratio of 184.15, a PEG ratio of 1.66 and a beta of 0.68. The company has a fifty day moving average price of GBX 1,108.59 and a 200-day moving average price of GBX 1,141.42.

Burberry Group (LON:BRBY) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 15.20 earnings per share for the quarter. Burberry Group had a net margin of 0.87% and a return on equity of 2.29%. The company had revenue of GBX 242 billion for the quarter. As a group, equities research analysts predict that Burberry Group will post 32.6294821 EPS for the current fiscal year.

Insider Transactions at Burberry Group

In other Burberry Group news, insider Kate Ferry acquired 32,026 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were acquired at an average cost of GBX 1,089 per share, with a total value of £348,763.14. Corporate insiders own 0.63% of the company’s stock.

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.