Burberry Group (LON:BRBY - Free Report) had its price target trimmed by Royal Bank of Canada from GBX 1,500 ($18.83) to GBX 1,200 ($15.06) in a research report released on Thursday, Marketbeat reports. The brokerage currently has a sector perform rating on the stock.
Burberry Group Price Performance
LON BRBY traded down GBX 3.50 ($0.04) during trading hours on Thursday, hitting GBX 1,182 ($14.84). 682,923 shares of the company's stock traded hands, compared to its average volume of 1,546,236. Burberry Group has a 52-week low of GBX 1,156 ($14.51) and a 52-week high of GBX 2,656 ($33.34). The company has a market capitalization of £4.24 billion, a PE ratio of 993.28, a PEG ratio of 3.78 and a beta of 1.14. The company has a debt-to-equity ratio of 138.77, a current ratio of 1.55 and a quick ratio of 1.63. The firm's 50-day moving average is GBX 1,267.93 and its 200-day moving average is GBX 1,481.67.
About Burberry Group
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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.
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