Burberry Group PLC (BURBY) Coverage Initiated at Berenberg Bank
Stock analysts at Berenberg Bank initiated coverage on shares of Burberry Group PLC (OTCMKTS:BURBY) in a research note issued on Thursday, The Fly reports. The brokerage set a “buy” rating on the stock.
Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Burberry Group PLC from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Monday. Maxim Group reduced their target price on shares of Burberry Group PLC from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, July 6th. Beaufort Securities reissued a “hold” rating on shares of Burberry Group PLC in a research report on Tuesday, August 2nd. RBC Capital Markets raised shares of Burberry Group PLC from an “underperform” rating to a “hold” rating in a research report on Friday, September 30th. Finally, BNP Paribas reissued a “neutral” rating on shares of Burberry Group PLC in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.00.
Shares of Burberry Group PLC (OTCMKTS:BURBY) opened at 18.81 on Thursday. Burberry Group PLC has a 1-year low of $13.88 and a 1-year high of $22.50. The firm’s 50 day moving average is $17.75 and its 200-day moving average is $17.14. The company has a market cap of $8.31 billion, a PE ratio of 21.33 and a beta of 1.12.
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