Zacks Investment Research cut shares of Burberry Group (OTCMKTS:BURBY) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.
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. “
BURBY has been the topic of a number of other research reports. Goldman Sachs Group downgraded shares of Burberry Group from a conviction-buy rating to a neutral rating in a research note on Thursday, September 6th. HSBC raised shares of Burberry Group from a reduce rating to a hold rating in a research note on Friday, October 26th. Finally, Credit Suisse Group reaffirmed a neutral rating on shares of Burberry Group in a research note on Friday, September 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $30.00.
The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, February 8th. Stockholders of record on Friday, December 21st will be paid a dividend of $0.132 per share. The ex-dividend date of this dividend is Thursday, December 20th. Burberry Group’s payout ratio is currently 67.57%.
Burberry Group Company Profile
Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.
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