Burberry Group (LON:BRBY) Given Buy Rating at UBS Group

UBS Group reaffirmed their buy rating on shares of Burberry Group (LON:BRBY) in a research note published on Friday, Marketbeat.com reports. The firm currently has a GBX 1,570 price target on the stock.

A number of other brokerages have also recently weighed in on BRBY. Jefferies Financial Group lifted their price target on shares of Burberry Group from GBX 580 to GBX 680 and gave the company an “underperform” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. cut shares of Burberry Group to an “underweight” rating and increased their price objective for the stock from GBX 850 to GBX 950 in a research report on Friday, November 28th. Deutsche Bank Aktiengesellschaft boosted their target price on Burberry Group from GBX 1,500 to GBX 1,550 and gave the company a “buy” rating in a research report on Thursday, November 13th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,400 price target on shares of Burberry Group in a research note on Thursday, September 25th. Five 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, the stock currently has a consensus rating of “Hold” and an average price target of GBX 1,335.71.

Burberry Group Price Performance

LON:BRBY opened at GBX 1,272 on Friday. Burberry Group has a 52 week low of GBX 597 and a 52 week high of GBX 1,376.50. The stock’s fifty day moving average is GBX 1,238.65 and its two-hundred day moving average is GBX 1,227.27. The company has a market capitalization of £4.56 billion, a P/E ratio of -176.67, a P/E/G ratio of 1.66 and a beta of 1.06. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 136.53.

Burberry Group (LON:BRBY) last released its quarterly earnings results on Thursday, November 13th. The company reported GBX 0.60 earnings per share for the quarter. Burberry Group had a return on equity of 23.93% and a net margin of 9.10%. Equities analysts expect that Burberry Group will post 32.6294821 EPS 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. 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.