Barclays reissued their equal weight rating on shares of Burberry Group (LON:BRBY) in a research report sent to investors on Tuesday morning, Price Targets.com reports. Barclays currently has a GBX 2,000 ($27.15) price target on the stock.
Several other equities research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a hold rating on shares of Burberry Group in a research report on Tuesday, October 19th. Royal Bank of Canada raised their price target on shares of Burberry Group from GBX 1,950 ($26.47) to GBX 1,980 ($26.88) and gave the stock a sector perform rating in a research report on Friday, November 12th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Burberry Group currently has a consensus rating of Hold and a consensus price target of GBX 2,186.43 ($29.68).
Burberry Group stock opened at GBX 1,719 ($23.33) on Tuesday. The firm has a fifty day moving average price of GBX 1,825.45 and a two-hundred day moving average price of GBX 1,906.07. Burberry Group has a fifty-two week low of GBX 1,673.50 ($22.72) and a fifty-two week high of GBX 2,267 ($30.77). The company has a debt-to-equity ratio of 92.56, a current ratio of 2.60 and a quick ratio of 1.96. The firm has a market cap of £6.92 billion and a price-to-earnings ratio of 14.81.
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 offers women, men, and children apparels, as well as accessories. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks.
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