Burberry Group (BURBY) Rating Lowered to Hold at Berenberg Bank

Burberry Group (OTCMKTS:BURBY) was downgraded by equities research analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, The Fly reports.

Several other equities analysts also recently issued reports on the company. Zacks Investment Research upgraded Burberry Group from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Wednesday, December 5th. HSBC upgraded Burberry Group from a “reduce” rating to a “hold” rating in a research report on Friday, October 26th. Finally, Credit Suisse Group reiterated a “neutral” rating on shares of Burberry Group in a research report on Friday, September 21st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $27.00.

Burberry Group stock opened at $22.78 on Thursday. The company has a market cap of $9.55 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.95 and a beta of 0.83. Burberry Group has a one year low of $20.43 and a one year high of $30.19.

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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Analyst Recommendations for Burberry Group (OTCMKTS:BURBY)

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