Burberry Group (LON:BRBY) Cut to Sector perform at Royal Bank Of Canada

Royal Bank Of Canada cut shares of Burberry Group (LON:BRBY) to a sector perform rating in a research note published on Tuesday,Digital Look reports. Royal Bank Of Canada currently has GBX 1,200 price objective on the stock, down from their prior price objective of GBX 1,400.

A number of other research firms have also recently commented on BRBY. Jefferies Financial Group restated an “underperform” rating and issued a GBX 940 target price on shares of Burberry Group in a research note on Wednesday, June 24th. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,080 price objective on shares of Burberry Group in a report on Thursday, July 23rd. Finally, Citigroup decreased their price objective on Burberry Group from GBX 1,560 to GBX 1,510 and set a “buy” rating for the company in a report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 1,256.25.

Burberry Group Stock Performance

Burberry Group stock opened at GBX 1,027.60 on Tuesday. Burberry Group has a fifty-two week low of GBX 953.40 and a fifty-two week high of GBX 1,376.50. The stock’s 50 day simple moving average is GBX 1,084.59 and its two-hundred day simple moving average is GBX 1,102.40. 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 stock has a market cap of £3.68 billion, a price-to-earnings ratio of 174.17, a PEG ratio of 1.66 and a beta of 0.70.

Insider Activity at Burberry Group

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

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.