Burberry Group (LON:BRBY) Rating Lowered to “Sector perform” at Royal Bank Of Canada

Burberry Group (LON:BRBY) was downgraded by research analysts at Royal Bank Of Canada to a “sector perform” rating in a research report issued to clients and investors on Tuesday, Digital Look reports. They presently have a GBX 1,200 price target on the stock, down from their prior price target of GBX 1,400. Royal Bank Of Canada’s price objective would indicate a potential upside of 15.32% from the company’s current price.

BRBY has been the topic of a number of other research reports. Citigroup reduced their target price on Burberry Group from GBX 1,560 to GBX 1,510 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 940 price target on shares of Burberry Group in a report on Wednesday, June 24th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 1,080 price target on shares of Burberry Group in a research report on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,256.25.

Burberry Group Stock Up 1.6%

LON:BRBY opened at GBX 1,040.61 on Tuesday. The company has a debt-to-equity ratio of 162.02, a quick ratio of 1.63 and a current ratio of 1.87. The company has a market capitalization of £3.73 billion, a price-to-earnings ratio of 176.37, a price-to-earnings-growth ratio of 1.66 and a beta of 0.70. Burberry Group has a one year low of GBX 953.40 and a one year high of GBX 1,376.50. The stock has a 50-day simple moving average of GBX 1,086.43 and a 200 day simple moving average of GBX 1,102.99.

Insiders Place Their Bets

In related news, insider Kate Ferry sold 18,479 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of GBX 1,090, for a total transaction of £201,421.10. 0.66% of the stock is currently owned by company insiders.

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. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks. It sells its products through Burberry mainline stores, concessions, outlets, digital commerce, Burberry franchisees, department stores, and multi-brand specialty accounts, as well as through Burberry.com website.