Burberry Group (LON:BRBY) Sets New 52-Week High – Should You Buy?
by Doug Wharley · The Cerbat GemBurberry Group plc (LON:BRBY – Get Free Report) hit 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 changing hands. The stock had previously closed at GBX 1,300.
Wall Street Analysts Forecast Growth
BRBY has been the subject of a number of recent research reports. 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 research report on Thursday, November 13th. Jefferies Financial Group increased their price target on shares of Burberry Group from GBX 580 to GBX 680 and gave the company an “underperform” rating in a report on Tuesday, September 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,400 target price on shares of Burberry Group in a research note on Thursday, September 25th. JPMorgan Chase & Co. cut shares of Burberry Group to an “underweight” rating and increased their price objective for the stock from GBX 850 to GBX 950 in a research report on Friday, November 28th. Finally, UBS Group restated a “buy” rating and set a GBX 1,575 price target on shares of Burberry Group in a research report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 1,336.43.
Get Our Latest Stock Report on BRBY
Burberry Group Stock Performance
The stock has a fifty day moving average price of GBX 1,222.77 and a 200-day moving average price of GBX 1,213.89. The company has a quick ratio of 1.63, a current ratio of 1.66 and a debt-to-equity ratio of 136.53. The firm has a market cap of £4.80 billion, a price-to-earnings ratio of -184.74, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06.
Burberry Group (LON:BRBY – Get Free Report) last released its quarterly earnings data on Thursday, November 13th. The company reported GBX 0.60 earnings per share (EPS) for the quarter. Burberry Group had a net margin of 9.10% and a return on equity of 23.93%. On average, analysts expect that Burberry Group plc will post 32.6294821 earnings per share for the current fiscal year.
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.