Burberry Group plc (OTCMKTS:BURBY) – Stock analysts at Jefferies Financial Group upped their FY2020 earnings estimates for Burberry Group in a research report issued on Wednesday, July 17th. Jefferies Financial Group analyst F. Cereda now forecasts that the company will post earnings of $1.09 per share for the year, up from their prior forecast of $1.06. Jefferies Financial Group has a “Underperform” rating on the stock.
Several other equities analysts also recently commented on BURBY. Bryan, Garnier & Co upgraded Burberry Group from a “sell” rating to a “neutral” rating in a report on Monday, May 20th. Goldman Sachs Group upgraded to a “neutral” rating and lowered their price target for the company from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a report on Thursday, June 27th. Zacks Investment Research downgraded shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday. Bank of America raised their price objective on shares of Stagecoach Group from GBX 160 ($2.09) to GBX 190 ($2.48) and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. Finally, Sanford C. Bernstein upgraded shares of Burberry Group from an “underperform” rating to a “market perform” rating in a research note on Tuesday, May 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $27.88.
Burberry Group Company Profile
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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