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

Burberry Group (LON:BRBY) had its price target decreased by investment analysts at Royal Bank of Canada from GBX 1,300 ($16.83) to GBX 1,200 ($15.54) in a research note issued to investors on Friday,Digital Look reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 47.13% from the stock’s previous close.

Burberry Group Stock Performance

BRBY stock opened at GBX 815.60 ($10.56) on Friday. The stock has a market capitalization of £2.91 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The stock’s 50 day simple moving average is GBX 1,058.88 and its 200 day simple moving average is GBX 892.20. Burberry Group has a 12-month low of GBX 555.61 ($7.19) and a 12-month high of GBX 1,254.50 ($16.24). The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53.

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.