Burberry Group PLC (BURBY) Downgraded to Neutral at UBS AG
Burberry Group PLC (OTCMKTS:BURBY) was downgraded by equities researchers at UBS AG from a “buy” rating to a “neutral” rating in a report issued on Friday, The Fly reports.
BURBY has been the subject of a number of other research reports. Credit Suisse Group upgraded Burberry Group PLC from a “neutral” rating to an “outperform” rating in a research report on Friday, September 8th. ValuEngine lowered Burberry Group PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $26.00.
Shares of Burberry Group PLC (OTCMKTS BURBY) traded down $0.52 during trading on Friday, hitting $23.65. The stock had a trading volume of 104,630 shares, compared to its average volume of 59,114. Burberry Group PLC has a 52-week low of $17.22 and a 52-week high of $26.76.
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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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