Burberry Group (LON:BRBY) Receives Neutral Rating from UBS Group

Burberry Group (LON:BRBY)‘s stock had its “neutral” rating reiterated by stock analysts at UBS Group in a report released on Friday, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued reports about the stock. HSBC reissued a “hold” rating on shares of Burberry Group in a research note on Monday, September 9th. BNP Paribas increased their price target on shares of Burberry Group from GBX 1,700 ($22.21) to GBX 2,050 ($26.79) and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Credit Suisse Group reissued an “outperform” rating on shares of Burberry Group in a research note on Thursday, October 17th. Royal Bank of Canada decreased their price target on shares of Burberry Group from GBX 1,975 ($25.81) to GBX 1,925 ($25.15) and set an “underperform” rating on the stock in a research note on Friday, October 18th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Burberry Group in a research note on Monday, July 15th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 2,005 ($26.20).

Shares of BRBY traded down GBX 74 ($0.97) during mid-day trading on Friday, hitting GBX 2,044 ($26.71). 937,361 shares of the company traded hands, compared to its average volume of 2,130,000. Burberry Group has a one year low of GBX 1,618.50 ($21.15) and a one year high of GBX 2,362 ($30.86). The company has a current ratio of 2.51, a quick ratio of 1.70 and a debt-to-equity ratio of 2.55. The business has a 50-day moving average of GBX 2,043.42 and a 200 day moving average of GBX 2,013.20. The stock has a market capitalization of $8.38 billion and a price-to-earnings ratio of 25.02.

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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Analyst Recommendations for Burberry Group (LON:BRBY)

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