Burberry Group PLC (BURBY) Lifted to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Burberry Group PLC (OTCMKTS:BURBY) from a hold rating to a buy rating in a research report report published on Monday morning. They currently have $21.00 price objective 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 research analysts have also commented on BURBY. Maxim Group started coverage on shares of Burberry Group PLC in a report on Thursday, June 16th. They set a buy rating and a $21.00 price objective on the stock. JPMorgan Chase & Co. restated a neutral rating on shares of Burberry Group PLC in a research report on Tuesday, July 12th. Citigroup Inc. restated a neutral rating on shares of Burberry Group PLC in a research report on Tuesday, July 12th. Beaufort Securities restated a hold rating on shares of Burberry Group PLC in a research report on Tuesday, August 2nd. Finally, BNP Paribas restated a neutral rating on shares of Burberry Group PLC in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $20.00.
Shares of Burberry Group PLC (OTCMKTS:BURBY) opened at 18.81 on Monday. The company has a 50 day moving average of $17.75 and a 200-day moving average of $17.14. Burberry Group PLC has a 12-month low of $13.88 and a 12-month high of $22.50. The company has a market capitalization of $8.31 billion, a P/E ratio of 21.33 and a beta of 1.12.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Burberry Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.