Burberry Group (BRBY) Rating Increased to Neutral at Bryan, Garnier & Co
Bryan, Garnier & Co upgraded shares of Burberry Group (LON:BRBY) to a neutral rating in a research report sent to investors on Monday morning, ThisIsMoney.Co.Uk reports.
BRBY has been the subject of several other reports. Bank of America reissued an underperform rating and issued a GBX 1,800 ($23.52) target price on shares of Burberry Group in a report on Wednesday, April 3rd. UBS Group reissued a neutral rating on shares of Burberry Group in a report on Thursday, January 24th. Goldman Sachs Group reduced their price objective on Burberry Group from GBX 2,194 ($28.67) to GBX 2,148 ($28.07) and set a neutral rating for the company in a research note on Thursday, January 24th. HSBC upped their price objective on Burberry Group from GBX 1,950 ($25.48) to GBX 2,000 ($26.13) and gave the company a hold rating in a research note on Wednesday, February 27th. Finally, Sanford C. Bernstein reaffirmed an underperform rating and set a GBX 1,725 ($22.54) price objective on shares of Burberry Group in a research note on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 1,908.93 ($24.94).
Burberry Group stock opened at GBX 1,821.50 ($23.80) on Monday. Burberry Group has a fifty-two week low of GBX 1,618.50 ($21.15) and a fifty-two week high of GBX 2,338 ($30.55). The company has a quick ratio of 1.70, a current ratio of 2.51 and a debt-to-equity ratio of 2.55. The stock has a market capitalization of $7.41 billion and a PE ratio of 22.29.
About Burberry Group
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.
Further Reading: What is range trading?
Receive News & Ratings for Burberry Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group and related companies with MarketBeat.com's FREE daily email newsletter.