Burberry Group (BURBY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Burberry Group (OTCMKTS:BURBY) from a sell rating to a hold rating in a research report released on Friday.

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. “

A number of other equities research analysts have also recently weighed in on the company. Credit Suisse Group restated a neutral rating on shares of Burberry Group in a research note on Friday, September 21st. Goldman Sachs Group cut Burberry Group from a conviction-buy rating to a neutral rating in a research note on Thursday, September 6th. Finally, HSBC upgraded Burberry Group from a reduce rating to a hold rating in a research note on Friday, October 26th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $30.00.

Shares of OTCMKTS BURBY traded down $1.24 during mid-day trading on Friday, reaching $23.51. 17,393 shares of the company were exchanged, compared to its average volume of 94,058. The stock has a market capitalization of $10.09 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 2.08 and a beta of 0.92. Burberry Group has a 1 year low of $20.43 and a 1 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.

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