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.
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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