Royal Bank of Canada Cuts Burberry Group (LON:BRBY) Price Target to GBX 1,200

Burberry Group (LON:BRBY) had its price objective lowered by Royal Bank of Canada from GBX 1,300 ($16.81) to GBX 1,200 ($15.52) in a research report sent to investors on Friday morning, MarketBeat.com reports. Royal Bank of Canada currently has an outperform rating on the stock.

Burberry Group Stock Down 2.1 %

Shares of BRBY opened at GBX 808.10 ($10.45) on Friday. The firm has a fifty day moving average price of GBX 1,055.17 and a 200-day moving average price of GBX 894.71. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53. The firm has a market capitalization of £2.89 billion, a P/E ratio of 10.70, a P/E/G ratio of 1.66 and a beta of 1.06. Burberry Group has a 12-month low of GBX 555.61 ($7.18) and a 12-month high of GBX 1,254.50 ($16.22).

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.