Burberry Group (LON:BRBY) Hits New 12-Month High – Time to Buy?

Burberry Group plc (LON:BRBY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,376.50 and last traded at GBX 1,367, with a volume of 3813045 shares. The stock had previously closed at GBX 1,300.

Analysts Set New Price Targets

A number of research firms recently commented on BRBY. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,400 price objective on shares of Burberry Group in a report on Thursday, September 25th. Jefferies Financial Group boosted their target price on Burberry Group from GBX 580 to GBX 680 and gave the stock an “underperform” rating in a research report on Tuesday, September 23rd. UBS Group reaffirmed a “buy” rating and issued a GBX 1,575 price target on shares of Burberry Group in a research note on Friday, November 7th. JPMorgan Chase & Co. lowered shares of Burberry Group to an “underweight” rating and lifted their price objective for the stock from GBX 850 to GBX 950 in a research note on Friday, November 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Burberry Group from GBX 1,500 to GBX 1,550 and gave the company a “buy” rating in a report on Thursday, November 13th. Five research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Burberry Group currently has an average rating of “Hold” and an average target price of GBX 1,336.43.

Burberry Group Price Performance

The company has a 50-day moving average of GBX 1,224.73 and a 200-day moving average of GBX 1,217.76. The company has a debt-to-equity ratio of 136.53, a quick ratio of 1.63 and a current ratio of 1.66. The firm has a market capitalization of £4.78 billion, a price-to-earnings ratio of -185.42, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.

Burberry Group (LON:BRBY) last announced its quarterly earnings results on Thursday, November 13th. The company reported GBX 0.60 earnings per share for the quarter. Burberry Group had a net margin of 9.10% and a return on equity of 23.93%. As a group, research analysts anticipate that Burberry Group plc will post 32.6294821 EPS for the current fiscal 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. 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.