Royal Bank of Canada Lowers Burberry Group (LON:BRBY) Price Target to GBX 1,200

Burberry Group (LON:BRBY - Free Report) had its price target trimmed by Royal Bank of Canada from GBX 1,300 ($16.80) to GBX 1,200 ($15.50) in a report published on Friday, Marketbeat reports. The firm currently has an outperform rating on the stock.

Burberry Group Trading Down 1.8 %

Shares of BRBY stock traded down GBX 13.96 ($0.18) during mid-day trading on Friday, reaching GBX 757.84 ($9.79). The stock had a trading volume of 3,017,294 shares, compared to its average volume of 7,241,000. The firm has a market capitalization of £2.71 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The stock's 50-day moving average price is GBX 1,051.15 and its two-hundred day moving average price is GBX 893.85. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53. Burberry Group has a 52-week low of GBX 555.61 ($7.18) and a 52-week high of GBX 1,254.50 ($16.21).

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.