Burberry Group PLC (BURBY) Upgraded to “Buy” by Zacks Investment Research
Burberry Group PLC (OTCMKTS:BURBY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The brokerage currently has a $21.00 price target on the stock. Zacks Investment Research’s price target suggests a potential upside of 12.72% from the stock’s current price.
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 analysts have also weighed in on the stock. RBC Capital Markets upgraded shares of Burberry Group PLC from an “underperform” rating to a “hold” rating in a research report on Friday, September 30th. BNP Paribas restated a “neutral” rating on shares of Burberry Group PLC in a research report on Wednesday, August 3rd. Beaufort Securities restated a “hold” rating on shares of Burberry Group PLC in a research report on Tuesday, August 2nd. Citigroup Inc. restated a “neutral” rating on shares of Burberry Group PLC in a research report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. restated 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, eight have issued a hold rating and three have issued a buy rating to the stock. Burberry Group PLC currently has an average rating of “Hold” and a consensus price target of $20.00.
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Burberry Group PLC (OTCMKTS:BURBY) traded up 0.89% on Monday, hitting $18.63. 27,414 shares of the company were exchanged. Burberry Group PLC has a one year low of $13.88 and a one year high of $22.86. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 20.84 and a beta of 1.12. The stock has a 50 day moving average price of $17.69 and a 200 day moving average price of $17.15.
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