Sanford C. Bernstein assumed coverage on shares of Burberry Group (OTCMKTS:BURBY) in a research report issued on Wednesday, Briefing.com Automated Import reports. The firm set an “underperform” rating on the stock.
Several other equities analysts have also recently weighed in on BURBY. Zacks Investment Research upgraded shares of Burberry Group from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Berenberg Bank lowered shares of Burberry Group from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Burberry Group in a report on Friday, February 8th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.00.
Shares of OTCMKTS:BURBY traded up $0.33 during trading on Wednesday, hitting $26.24. The company’s stock had a trading volume of 712 shares, compared to its average volume of 16,284. Burberry Group has a 12 month low of $20.65 and a 12 month high of $30.19. The stock has a market capitalization of $10.80 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 2.50 and a beta of 0.82.
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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