Zacks Investment Research Upgrades Burberry Group (BURBY) to Hold

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Burberry Group (OTCMKTS:BURBY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors 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. “

Other equities research analysts also recently issued reports about the stock. HSBC raised shares of Burberry Group from a “reduce” rating to a “hold” rating in a report on Friday, October 26th. Credit Suisse Group reissued a “neutral” rating on shares of Burberry Group in a report on Friday, September 21st. Finally, Goldman Sachs Group downgraded shares of Burberry Group from a “conviction-buy” rating to a “neutral” rating in a report on Thursday, September 6th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $30.00.

BURBY stock traded down $1.24 during trading on Friday, hitting $23.51. The company had a trading volume of 17,393 shares, compared to its average volume of 51,184. The company has a market capitalization of $9.85 billion, a P/E ratio of 21.18, a PEG ratio of 2.03 and a beta of 0.92. Burberry Group has a fifty-two week low of $20.43 and a fifty-two week 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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