Royal Bank of Canada Forecasts Strong Price Appreciation for Burberry Group (LON:BRBY) Stock

Burberry Group (LON:BRBY) had its price objective lifted by Royal Bank of Canada from GBX 1,000 ($12.44) to GBX 1,300 ($16.18) in a research note issued to investors on Tuesday,Digital Look reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 16.75% from the stock’s current price.

Burberry Group Stock Down 1.7 %

LON BRBY traded down GBX 19.50 ($0.24) on Tuesday, hitting GBX 1,113.50 ($13.85). The stock had a trading volume of 2,076,665 shares, compared to its average volume of 10,270,868. Burberry Group has a 52-week low of GBX 555.61 ($6.91) and a 52-week high of GBX 1,351 ($16.81). The business’s fifty day moving average price is GBX 956.63 and its 200 day moving average price is GBX 798.74. The company has a debt-to-equity ratio of 135.70, a current ratio of 1.66 and a quick ratio of 1.63. The stock has a market cap of £3.99 billion, a price-to-earnings ratio of 1,504.73, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

Burberry Group (LON:BRBY) last announced its earnings results on Thursday, November 14th. The company reported GBX (18.30) (($0.23)) earnings per share for the quarter. Burberry Group had a return on equity of 20.13% and a net margin of 9.10%. Equities research analysts anticipate that Burberry Group will post 32.6294821 earnings per share for the current year.

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.