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.
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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