Burberry Group (LON:BRBY) Hits New 52-Week High – Still a Buy?

Burberry Group plc (LON:BRBY)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as £804.80 ($1,047.64) and last traded at GBX 814.35 ($10.60), with a volume of 9336764 shares changing hands. The stock had previously closed at GBX 870.60 ($11.33).

Analyst Ratings Changes

Several analysts have commented on BRBY shares. Barclays cut shares of Burberry Group to an “underweight” rating in a research note on Monday, September 9th. Jefferies Financial Group restated a “hold” rating and set a GBX 800 ($10.41) target price on shares of Burberry Group in a research report on Tuesday, July 16th. Finally, Royal Bank of Canada raised shares of Burberry Group to an “outperform” rating and raised their price target for the stock from GBX 650 ($8.46) to GBX 900 ($11.72) in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,125 ($14.64).

Burberry Group Price Performance

The firm has a market capitalization of £2.92 billion, a PE ratio of 1,176.49, a P/E/G ratio of 1.66 and a beta of 1.06. The company has a debt-to-equity ratio of 135.70, a quick ratio of 1.63 and a current ratio of 1.66. The stock has a fifty day moving average price of GBX 678.94 and a 200-day moving average price of GBX 849.93.

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.