Burberry Group (BURBY) Upgraded by Sanford C. Bernstein to Market Perform

Sanford C. Bernstein upgraded shares of Burberry Group (OTCMKTS:BURBY) from an underperform rating to a market perform rating in a research note released on Tuesday morning, The Fly reports.

Other analysts have also issued research reports about the company. Goldman Sachs Group lowered Burberry Group from a neutral rating to a sell rating in a report on Tuesday, March 5th. Bank of America lowered Burberry Group from a neutral rating to an underperform rating in a report on Wednesday, April 3rd. Zacks Investment Research lowered Burberry Group from a hold rating to a sell rating in a report on Monday, February 18th. Finally, Bryan, Garnier & Co upgraded Burberry Group from a sell rating to a neutral rating in a report on Monday. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $27.00.

Shares of Burberry Group stock opened at $23.03 on Tuesday. The stock has a market capitalization of $9.46 billion, a PE ratio of 21.52, a PEG ratio of 2.49 and a beta of 0.83. Burberry Group has a one year low of $20.65 and a one year high of $30.19.

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.

Read More: Understanding Price to Earnings Ratio (PE)

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Analyst Recommendations for Burberry Group (OTCMKTS:BURBY)

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