Burberry Group PLC (BURBY) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Burberry Group PLC (OTCMKTS:BURBY) have earned an average rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $26.00.
Several equities analysts have commented on BURBY shares. Credit Suisse Group raised shares of Burberry Group PLC from a “neutral” rating to an “outperform” rating in a report on Friday, September 8th. ValuEngine lowered shares of Burberry Group PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Maxim Group set a $26.00 target price on shares of Burberry Group PLC and gave the company a “buy” rating in a report on Thursday, July 6th.
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Shares of Burberry Group PLC (OTCMKTS BURBY) opened at 25.52 on Friday. The company has a market cap of $11.10 billion, a PE ratio of 29.81 and a beta of 1.12. Burberry Group PLC has a 1-year low of $17.22 and a 1-year high of $25.56. The company has a 50-day moving average of $23.95 and a 200-day moving average of $22.65.
About Burberry Group PLC
Burberry Group plc, together with its subsidiaries, designs, develops, manufactures, and sells luxury goods under the Burberry brand for men, women, and children. The company operates in two segments, Retail/Wholesale and Licensing. It offers product in the categories of apparel; accessories, such as women's handbags and small leather goods; and beauty, as well as eyewear and watches.
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