Burberry Group PLC (BURBY) Coverage Initiated at Berenberg Bank
Equities researchers at Berenberg Bank started coverage on shares of Burberry Group PLC (OTCMKTS:BURBY) in a note issued to investors on Thursday. The firm set a “buy” rating on the stock.
A number of other research analysts have also recently commented on the company. Zacks Investment Research upgraded Burberry Group PLC from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Monday, October 10th. Maxim Group dropped their price target on Burberry Group PLC from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, July 6th. Citigroup Inc. reaffirmed a “neutral” rating on shares of Burberry Group PLC in a research report on Tuesday, July 12th. RBC Capital Markets raised Burberry Group PLC from an “underperform” rating to a “hold” rating in a research report on Friday, September 30th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Burberry Group PLC in a research report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Burberry Group PLC presently has a consensus rating of “Hold” and a consensus target price of $20.00.
Shares of Burberry Group PLC (OTCMKTS:BURBY) opened at 18.89 on Thursday. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 21.42 and a beta of 1.12. Burberry Group PLC has a one year low of $13.88 and a one year high of $22.50. The stock has a 50 day moving average price of $17.81 and a 200-day moving average price of $17.15.
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