Burberry (BURBY) Receives Average Recommendation of “Buy” from Brokerages

Burberry (OTCMKTS:BURBY) has been assigned a consensus rating of “Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $26.50.

A number of equities analysts recently weighed in on BURBY shares. Zacks Investment Research upgraded shares of Burberry from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, April 11th. Goldman Sachs Group upgraded shares of Burberry from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 28th. Finally, Societe Generale upgraded shares of Burberry from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd.

Burberry traded down $0.18, reaching $26.85, during midday trading on Wednesday, Marketbeat.com reports. The stock had a trading volume of 12,340 shares, compared to its average volume of 50,658. Burberry has a 12-month low of $20.43 and a 12-month high of $27.16. The firm has a market cap of $11.25 billion, a price-to-earnings ratio of 24.10 and a beta of 0.88.

About Burberry

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.

Analyst Recommendations for Burberry (OTCMKTS:BURBY)

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