Goldman Sachs Group downgraded shares of Burberry Group (LON:BRBY) to a sell rating in a research note issued to investors on Monday morning, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also recently commented on BRBY. Credit Suisse Group cut shares of Burberry Group to a neutral rating and reduced their target price for the company from GBX 2,200 ($28.75) to GBX 1,950 ($25.48) in a report on Friday, February 8th. Berenberg Bank reissued a hold rating and set a GBX 1,970 ($25.74) price target on shares of Burberry Group in a report on Wednesday, February 6th. Deutsche Bank reissued a hold rating on shares of Burberry Group in a report on Thursday, May 2nd. HSBC increased their price target on shares of Burberry Group from GBX 1,950 ($25.48) to GBX 2,000 ($26.13) and gave the stock a hold rating in a report on Wednesday, February 27th. Finally, UBS Group reissued a neutral rating on shares of Burberry Group in a report on Thursday, January 24th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. Burberry Group has an average rating of Hold and a consensus target price of GBX 1,913 ($25.00).
Shares of LON:BRBY opened at GBX 1,834.50 ($23.97) on Monday. Burberry Group has a one year low of GBX 1,618.50 ($21.15) and a one year high of GBX 2,338 ($30.55). The company has a debt-to-equity ratio of 1.37, a current ratio of 2.40 and a quick ratio of 1.46. The stock has a market capitalization of $7.85 billion and a PE ratio of 23.19.
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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