Burberry Group plc Preference Shares (BURBY) Rating Lowered to Neutral at Goldman Sachs Group

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Burberry Group plc Preference Shares (OTCMKTS:BURBY) was downgraded by equities research analysts at Goldman Sachs Group from a “conviction-buy” rating to a “neutral” rating in a research report issued on Thursday, The Fly reports.

Separately, Zacks Investment Research raised Burberry Group plc Preference Shares from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Saturday, July 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Burberry Group plc Preference Shares currently has a consensus rating of “Hold” and an average price target of $30.00.

Shares of BURBY opened at $27.14 on Thursday. The firm has a market cap of $11.38 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 2.31 and a beta of 0.79. Burberry Group plc Preference Shares has a one year low of $20.43 and a one year high of $30.19.

Burberry Group plc Preference Shares 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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