Burberry Group (LON:BRBY) Stock Rating Upgraded by Royal Bank of Canada

Burberry Group (LON:BRBY - Get Free Report) was upgraded by research analysts at Royal Bank of Canada to an "outperform" rating in a report issued on Thursday,Digital Look reports. The brokerage currently has a GBX 900 ($11.72) price target on the stock, up from their previous price target of GBX 650 ($8.46). Royal Bank of Canada's target price would suggest a potential upside of 3.38% from the stock's current price.

BRBY has been the subject of several other research reports. Barclays cut Burberry Group to an "underweight" rating in a research note on Monday, September 9th. Jefferies Financial Group reiterated a "hold" rating and set a GBX 800 ($10.41) target price on shares of Burberry Group in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of GBX 1,125 ($14.64).

Burberry Group Price Performance

Burberry Group stock traded up GBX 57 ($0.74) during mid-day trading on Thursday, reaching GBX 870.60 ($11.33). 2,723,793 shares of the company were exchanged, compared to its average volume of 4,578,614. The company has a debt-to-equity ratio of 135.70, a current ratio of 1.66 and a quick ratio of 1.63. Burberry Group has a 12 month low of GBX 555.61 ($7.23) and a 12 month high of GBX 1,750 ($22.78). The firm has a market cap of £3.12 billion, a PE ratio of 1,176.49, a PEG ratio of 1.66 and a beta of 1.06. The company has a fifty day simple moving average of GBX 675.60 and a 200-day simple moving average of GBX 849.79.

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.

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