Barclays Upgrades Burberry Group (LON:BRBY) to “Overweight”

Burberry Group (LON:BRBY) was upgraded by analysts at Barclays to an “overweight” rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has a GBX 1,450 target price on the stock, up from their previous target price of GBX 1,340. Barclays‘s price target points to a potential upside of 28.09% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. UBS Group reissued a “buy” rating and set a GBX 1,570 price target on shares of Burberry Group in a research report on Friday, January 16th. JPMorgan Chase & Co. lowered shares of Burberry Group to an “underweight” rating and upped their price objective for the stock from GBX 850 to GBX 950 in a research note on Friday, November 28th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,400 target price on shares of Burberry Group in a research report on Thursday, January 22nd. Citigroup boosted their price target on shares of Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a “buy” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Burberry Group from GBX 1,500 to GBX 1,550 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,348.75.

Burberry Group Stock Performance

Shares of LON:BRBY opened at GBX 1,132 on Tuesday. The firm’s 50 day simple moving average is GBX 1,242.06 and its 200-day simple moving average is GBX 1,226.53. The company has a debt-to-equity ratio of 136.53, a quick ratio of 1.63 and a current ratio of 1.66. Burberry Group has a one year low of GBX 597 and a one year high of GBX 1,376.50. The firm has a market cap of £4.05 billion, a PE ratio of -157.22, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

Burberry Group (LON:BRBY) last announced its quarterly earnings results on Thursday, November 13th. The company reported GBX 0.60 earnings per share (EPS) for the quarter. Burberry Group had a return on equity of 23.93% and a net margin of 9.10%. As a group, equities analysts predict 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. 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.