Burberry Group PLC Upgraded by Morgan Stanley to “Overweight” (BURBY)
Burberry Group PLC (NASDAQ:BURBY) was upgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday, AnalystRatingsNetwork reports.
Shares of Burberry Group PLC (NASDAQ:BURBY) opened at 52.45 on Monday. Burberry Group PLC has a 52 week low of $31.93 and a 52 week high of $52.74. The stock’s 50-day moving average is $50.13 and its 200-day moving average is $44.76. The company has a market cap of $11.414 billion and a P/E ratio of 28.63.
Separately, analysts at HSBC upgraded shares of Burberry Group PLC (NASDAQ:BURBY) from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, July 2nd. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy”.
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