Zacks Investment Research upgraded shares of Burberry Group PLC (OTCMKTS:BURBY) from a hold rating to a buy rating in a research note published on Monday morning. The firm currently has $21.00 price objective on the stock.
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. “
Other research analysts have also issued reports about the stock. Beaufort Securities reissued a hold rating on shares of Burberry Group PLC in a report on Tuesday, August 2nd. BNP Paribas reissued a neutral rating on shares of Burberry Group PLC in a report on Wednesday, August 3rd. JPMorgan Chase & Co. reissued a neutral rating on shares of Burberry Group PLC in a report on Tuesday, July 12th. Citigroup Inc. reissued a neutral rating on shares of Burberry Group PLC in a report on Tuesday, July 12th. Finally, Maxim Group reaffirmed a buy rating and set a $19.00 price objective (down from $21.00) on shares of Burberry Group PLC in a research note on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $20.00.
Shares of Burberry Group PLC (OTCMKTS:BURBY) traded up 1.56% on Monday, reaching $18.92. 5,619 shares of the company’s stock traded hands. The stock has a 50-day moving average of $17.71 and a 200 day moving average of $17.11. The firm has a market cap of $8.36 billion, a P/E ratio of 21.45 and a beta of 1.12. Burberry Group PLC has a 12-month low of $13.88 and a 12-month high of $22.50.
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