Royal Bank of Canada Issues Positive Forecast for Burberry Group (LON:BRBY) Stock Price

Burberry Group (LON:BRBY) had its target price increased by Royal Bank of Canada from GBX 1,000 ($12.44) to GBX 1,300 ($16.18) in a report published on Tuesday morning, MarketBeat.com reports. Royal Bank of Canada currently has an outperform rating on the stock.

Burberry Group Stock Performance

Shares of BRBY stock opened at GBX 1,105.67 ($13.76) on Tuesday. The business’s 50-day moving average price is GBX 961.54 and its 200-day moving average price is GBX 800.49. Burberry Group has a 12 month low of GBX 555.61 ($6.91) and a 12 month high of GBX 1,351 ($16.81). The firm has a market capitalization of £3.96 billion, a price-to-earnings ratio of 1,494.15, a PEG ratio of 1.66 and a beta of 1.06. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 135.70.

Burberry Group (LON:BRBY) last announced its quarterly earnings results on Thursday, November 14th. The company reported GBX (18.30) (($0.23)) EPS for the quarter. Burberry Group had a net margin of 9.10% and a return on equity of 20.13%. Equities research analysts forecast that Burberry Group will post 32.6294821 EPS for the current year.

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.