Shares of Burberry Group plc (OTCMKTS:BURBY) have earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $22.76.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Burberry Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd. Bank of America downgraded shares of Burberry Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 3rd. Sanford C. Bernstein upgraded shares of Burberry Group from an “underperform” rating to a “market perform” rating in a research note on Tuesday, May 21st. Bryan, Garnier & Co raised shares of Burberry Group from a “sell” rating to a “neutral” rating in a research report on Monday, May 20th. Finally, Goldman Sachs Group raised shares of Burberry Group from a “sell” rating to a “neutral” rating and set a $22.76 price objective for the company in a research report on Thursday, June 27th.
Burberry Group stock traded down $0.38 during trading on Thursday, hitting $24.34. The company had a trading volume of 6,217 shares, compared to its average volume of 134,178. The company has a 50 day simple moving average of $23.03. The stock has a market cap of $10.01 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 2.55 and a beta of 1.02. Burberry Group has a 1-year low of $20.65 and a 1-year high of $30.19.
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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