Burberry Group (LON:BRBY) Price Target Raised to GBX 1,590

Burberry Group (LON:BRBY) had its price target hoisted by Citigroup from GBX 1,570 to GBX 1,590 in a research note published on Monday, MarketBeat.com reports. Citigroup currently has a buy rating on the stock.

BRBY has been the subject of a number of other research reports. UBS Group reiterated 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 boosted their price target on Burberry Group from GBX 1,500 to GBX 1,550 and gave the company a “buy” rating in a research note on Thursday, November 13th. 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 note on Friday, November 28th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,400 price objective on shares of Burberry Group in a report on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,348.75.

Burberry Group Price Performance

BRBY opened at GBX 1,132 on Monday. The company has a debt-to-equity ratio of 136.53, a quick ratio of 1.63 and a current ratio of 1.66. The stock has a market capitalization of £4.05 billion, a P/E ratio of -157.22, a P/E/G ratio of 1.66 and a beta of 1.06. The company’s 50-day simple moving average is GBX 1,242.06 and its two-hundred day simple moving average is GBX 1,226.53. Burberry Group has a 52-week low of GBX 597 and a 52-week high of GBX 1,376.50.

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