Burberry Group plc (LON:BRBY) Receives Average Recommendation of "Reduce" from Brokerages

Shares of Burberry Group plc (LON:BRBY - Get Free Report) have received an average rating of "Reduce" from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 1,827.71 ($22.94).

Separately, Royal Bank of Canada cut their target price on shares of Burberry Group from GBX 1,500 ($18.83) to GBX 1,200 ($15.06) and set a "sector perform" rating on the stock in a report on Thursday.

Burberry Group Stock Down 0.3 %

BRBY stock traded down GBX 3.50 ($0.04) during midday trading on Thursday, reaching GBX 1,182 ($14.84). 682,923 shares of the company were exchanged, compared to its average volume of 1,546,236. The company has a debt-to-equity ratio of 138.77, a quick ratio of 1.63 and a current ratio of 1.55. Burberry Group has a 1-year low of GBX 1,156 ($14.51) and a 1-year high of GBX 2,656 ($33.34). The stock's 50-day simple moving average is GBX 1,267.93 and its 200 day simple moving average is GBX 1,481.67. The company has a market cap of £4.24 billion, a price-to-earnings ratio of 993.28, a price-to-earnings-growth ratio of 3.78 and a beta of 1.14.

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.