Burberry (BURBY) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Burberry (OTCMKTS:BURBY) from a hold rating to a buy rating in a research note released on Wednesday. The firm currently has $27.00 target price on the stock.

According to Zacks, “Burberry Group plc is engaged in the designing, sourcing, manufacturing and marketing of luxury clothing and non-apparel accessories. The Company’s products include outerwear, fragrance and beauty products, eyewear, watches, trench coats, small leather goods, handbags, totes and mufflers, scarves, shoes, belts and jewellery. It sells through a diversified network of retail, digital, wholesale and licensing channels worldwide. Burberry Group plc is headquartered in London, the United Kingdom. “

A number of other equities analysts have also recently weighed in on the company. Goldman Sachs upgraded Burberry from a neutral rating to a buy rating in a report on Wednesday, March 28th. Societe Generale upgraded Burberry from a hold rating to a buy rating in a report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $26.50.

OTCMKTS BURBY opened at $24.78 on Wednesday. The company has a market capitalization of $10,222.64, a price-to-earnings ratio of 24.53 and a beta of 0.89. Burberry has a fifty-two week low of $20.27 and a fifty-two week high of $26.76.

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Burberry Company Profile

Burberry Group plc, together with its subsidiaries, designs, develops, manufactures, and sells luxury goods under the Burberry brand for men, women, and children. The company operates in two segments, Retail/Wholesale and Licensing. It offers product in the categories of apparel; accessories, such as women's handbags and small leather goods; and beauty, as well as eyewear and watches.

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