Burberry Group (LON:BRBY) Rating Lowered to "Sector perform" at Royal Bank Of Canada

Key Points

• Royal Bank of Canada downgraded Burberry Group to “sector perform” and reduced its price target from GBX 1,400 to GBX 1,200, implying 16.56% potential upside.
• Analyst sentiment remains mixed, with the stock holding an overall “Hold” consensus rating and an average price target of GBX 1,256.25.
• Burberry shares opened at GBX 1,029.50, compared with a 12-month range of GBX 953.40 to GBX 1,376.50; insider ownership stands at 0.66% after an executive sold shares worth about £201,421.

Burberry Group (LON:BRBY - Get Free Report) was downgraded by research analysts at Royal Bank Of Canada to a "sector perform" rating in a research report issued on Tuesday, Digital Look reports. They presently have a GBX 1,200 price objective on the stock, down from their prior price objective of GBX 1,400. Royal Bank Of Canada's price target would suggest a potential upside of 16.56% from the company's current price.

A number of other analysts have also recently issued reports on the stock. Jefferies Financial Group reissued an "underperform" rating and issued a GBX 940 price objective on shares of Burberry Group in a research note on Wednesday, June 24th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 1,080 target price on shares of Burberry Group in a report on Thursday, July 23rd. Finally, Citigroup cut their price target on Burberry Group from GBX 1,560 to GBX 1,510 and set a "buy" rating for the company in a research note on Wednesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of GBX 1,256.25.

Burberry Group Price Performance

LON BRBY opened at GBX 1,029.50 on Tuesday. Burberry Group has a 12 month low of GBX 953.40 and a 12 month high of GBX 1,376.50. The stock has a market cap of £3.69 billion, a price-to-earnings ratio of 174.49, a PEG ratio of 1.66 and a beta of 0.70. The company's 50 day moving average is GBX 1,088.28 and its two-hundred day moving average is GBX 1,103.81. The company has a current ratio of 1.87, a quick ratio of 1.63 and a debt-to-equity ratio of 162.02.

Insider Buying and Selling

In other Burberry Group news, insider Kate Ferry sold 18,479 shares of the business's stock in a transaction on Monday, July 27th. The shares were sold at an average price of GBX 1,090, for a total value of £201,421.10. 0.66% of the stock is currently owned by insiders.

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. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks. It sells its products through Burberry mainline stores, concessions, outlets, digital commerce, Burberry franchisees, department stores, and multi-brand specialty accounts, as well as through Burberry.com website.

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