Burberry Group plc (OTCMKTS:BURBY)’s share price shot up 0.9% during trading on Friday . The stock traded as high as $27.41 and last traded at $27.41, 7,606 shares were traded during mid-day trading. A decline of 73% from the average session volume of 28,380 shares. The stock had previously closed at $27.16.
Several brokerages recently commented on BURBY. ValuEngine lowered shares of Burberry Group from a “hold” rating to a “sell” rating in a research report on Friday, August 16th. Bryan, Garnier & Co raised shares of Burberry Group from a “sell” rating to a “neutral” rating in a research report on Monday, May 20th. Goldman Sachs Group raised shares of Burberry Group from a “sell” rating to a “neutral” rating and set a $22.76 price target for the company in a research report on Thursday, June 27th. Jefferies Financial Group lowered shares of Burberry Group from a “hold” rating to an “underperform” rating in a research report on Wednesday, July 17th. Finally, Zacks Investment Research raised shares of Burberry Group from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Thursday, July 18th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $27.88.
The company has a market capitalization of $11.18 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. The business’s 50-day simple moving average is $27.06 and its 200-day simple moving average is $25.47.
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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