Burberry Group plc (LON:BRBY)’s share price shot up 0.9% during mid-day trading on Monday . The stock traded as high as GBX 1,763 ($23.04) and last traded at GBX 1,758 ($22.97). 668,278 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 2,130,000 shares. The stock had previously closed at GBX 1,741.50 ($22.76).
Several brokerages have recently issued reports on BRBY. Sanford C. Bernstein upgraded Burberry Group to a “market perform” rating in a research note on Tuesday, May 21st. Bryan, Garnier & Co upgraded Burberry Group to a “neutral” rating in a research note on Monday, May 20th. Credit Suisse Group reiterated a “neutral” rating on shares of Burberry Group in a research note on Monday, May 20th. UBS Group reiterated a “neutral” rating on shares of Burberry Group in a research note on Friday, May 17th. Finally, Goldman Sachs Group lowered Burberry Group to a “sell” rating in a research note on Monday, May 13th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 1,908.93 ($24.94).
The stock has a market cap of $7.18 billion and a price-to-earnings ratio of 21.46. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.70 and a current ratio of 2.51. The stock has a 50-day simple moving average of GBX 1,851.01.
Burberry Group Company Profile (LON:BRBY)
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.
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