Brokerages Set Burberry Group plc (LON:BRBY) Price Target at GBX 1,348.75

Shares of Burberry Group plc (LON:BRBY) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,348.75.

Several brokerages have recently issued reports on BRBY. Citigroup lifted their target price on shares of Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a “buy” rating in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft raised 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. UBS Group reissued a “buy” rating and issued a GBX 1,570 price objective on shares of Burberry Group in a research note on Friday, January 16th. Barclays raised shares of Burberry Group to an “overweight” rating and lifted their target price for the stock from GBX 1,340 to GBX 1,450 in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,400 target price on shares of Burberry Group in a research report on Thursday, January 22nd.

Burberry Group Price Performance

LON:BRBY opened at GBX 1,207.52 on Friday. 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 has a 52 week low of GBX 597 and a 52 week high of GBX 1,376.50. The stock’s 50-day moving average price is GBX 1,234.11 and its 200-day moving average price is GBX 1,209.57. The stock has a market capitalization of £4.33 billion, a PE ratio of -167.71, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

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.