Burberry Group PLC (BURBY) Upgraded to “Buy” by Zacks Investment Research
Burberry Group PLC (OTCMKTS:BURBY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm presently has a $21.00 target price on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 12.72% from the company’s current price.
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. “
A number of other brokerages have also recently issued reports on BURBY. BNP Paribas reissued a “neutral” rating on shares of Burberry Group PLC in a report on Wednesday, August 3rd. Maxim Group assumed coverage on shares of Burberry Group PLC in a report on Thursday, June 16th. They issued a “buy” rating and a $21.00 target price on the stock. Beaufort Securities reissued a “hold” rating on shares of Burberry Group PLC in a report on Tuesday, August 2nd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Burberry Group PLC in a report on Tuesday, July 12th. Finally, RBC Capital Markets upgraded shares of Burberry Group PLC from an “underperform” rating to a “hold” rating in a research note on Friday, September 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.00.
Shares of Burberry Group PLC (OTCMKTS:BURBY) traded up 0.89% during midday trading on Monday, hitting $18.63. The stock had a trading volume of 27,414 shares. The company has a market cap of $8.23 billion, a P/E ratio of 20.84 and a beta of 1.12. The firm has a 50 day moving average of $17.69 and a 200-day moving average of $17.15. Burberry Group PLC has a one year low of $13.88 and a one year high of $22.86.
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