Zacks Investment Research Upgrades Burberry Group (OTCMKTS:BURBY) to Buy

Zacks Investment Research upgraded shares of Burberry Group (OTCMKTS:BURBY) from a hold rating to a buy rating in a research note released on Thursday, reports. They currently have $33.00 price target 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. “

Several other equities research analysts have also commented on BURBY. Sanford C. Bernstein raised shares of Burberry Group from an underperform rating to a market perform rating in a report on Tuesday, May 21st. Bank of America boosted their price target on shares of 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. Goldman Sachs Group raised shares of to a neutral rating and cut their price target for the stock from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a report on Thursday, June 27th. Jefferies Financial Group lowered shares of Keppel REIT from a buy rating to a hold rating in a report on Wednesday. Finally, Bryan, Garnier & Co raised shares of Burberry Group from a sell rating to a neutral rating in a report on Monday, May 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $27.88.

Shares of OTCMKTS BURBY opened at $29.10 on Thursday. The stock has a market cap of $11.97 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 2.98 and a beta of 1.02. The business has a fifty day moving average of $23.73. Burberry Group has a one year low of $20.65 and a one year high of $30.19.

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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