Burberry Group (OTCMKTS:BURBY) Stock Rating Lowered by Jefferies Financial Group

Burberry Group (OTCMKTS:BURBY) was downgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a research note issued to investors on Wednesday, The Fly reports. Jefferies Financial Group also issued estimates for Burberry Group’s FY2021 earnings at $1.16 EPS and FY2022 earnings at $1.28 EPS.

Several other research firms have also issued reports on BURBY. Bryan, Garnier & Co upgraded Burberry Group from a “sell” rating to a “neutral” rating in a report on Monday, May 20th. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Sanford C. Bernstein upgraded Burberry Group from an “underperform” rating to a “market perform” rating in a report on Tuesday, May 21st. Bank of America upped their target price on Stagecoach Group from GBX 160 ($2.09) to GBX 190 ($2.48) and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. Finally, Goldman Sachs Group upgraded to a “neutral” rating and dropped their target price for the stock from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a report on Thursday, June 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $27.88.

BURBY opened at $29.41 on Wednesday. Burberry Group has a 52-week low of $20.65 and a 52-week high of $30.19. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 2.91 and a beta of 1.02. The stock’s 50-day moving average is $23.59.

About Burberry Group

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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Analyst Recommendations for Burberry Group (OTCMKTS:BURBY)

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