Burberry Group’s (BRBY) “Neutral” Rating Reaffirmed at UBS Group
UBS Group restated their neutral rating on shares of Burberry Group (LON:BRBY) in a report published on Friday morning, ThisIsMoney.Co.Uk reports.
Several other analysts have also commented on the company. Bank of America reaffirmed an underperform rating and issued a GBX 1,800 ($23.52) price objective on shares of Burberry Group in a report on Wednesday, April 3rd. Goldman Sachs Group cut their price objective on Burberry Group from GBX 2,194 ($28.67) to GBX 2,148 ($28.07) and set a neutral rating for the company in a report on Thursday, January 24th. HSBC lifted their price objective on 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. Sanford C. Bernstein reaffirmed an underperform rating and issued a GBX 1,725 ($22.54) price objective on shares of Burberry Group in a report on Wednesday, April 17th. Finally, Berenberg Bank reaffirmed a hold rating and issued a GBX 1,970 ($25.74) price objective on shares of Burberry Group in a report on Wednesday, February 6th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 1,908.93 ($24.94).
BRBY stock opened at GBX 1,802 ($23.55) on Friday. Burberry Group has a 1-year low of GBX 1,618.50 ($21.15) and a 1-year high of GBX 2,338 ($30.55). The company has a debt-to-equity ratio of 2.55, a current ratio of 2.51 and a quick ratio of 1.70. The firm has a market capitalization of $7.38 billion and a PE ratio of 22.06.
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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