Burberry Group (LON:BRBY) Given New GBX 1,200 Price Target at Royal Bank of Canada

Burberry Group (LON:BRBY - Free Report) had its target price cut by Royal Bank of Canada from GBX 1,300 ($16.81) to GBX 1,200 ($15.52) in a report issued on Friday, MarketBeat.com reports. They currently have an outperform rating on the stock.

Burberry Group Stock Performance

Shares of BRBY stock traded down GBX 33.60 ($0.43) during mid-day trading on Friday, hitting GBX 771.80 ($9.98). 1,391,316 shares of the stock were exchanged, compared to its average volume of 7,308,043. Burberry Group has a 12-month low of GBX 555.61 ($7.18) and a 12-month high of GBX 1,254.50 ($16.22). 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 £2.76 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 1.66 and a beta of 1.06. The stock's fifty day simple moving average is GBX 1,055.17 and its two-hundred day simple moving average is GBX 894.71.

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.