Burberry Group (BURBY) Upgraded to Market Perform by Sanford C. Bernstein
Sanford C. Bernstein upgraded shares of Burberry Group (OTCMKTS:BURBY) from an underperform rating to a market perform rating in a research report sent to investors on Tuesday morning, The Fly reports.
BURBY has been the subject of several other reports. Zacks Investment Research cut Burberry Group from a hold rating to a sell rating in a research note on Monday, February 18th. Goldman Sachs Group cut Burberry Group from a neutral rating to a sell rating in a research note on Tuesday, March 5th. Credit Suisse Group restated a neutral rating on shares of Burberry Group in a research note on Friday, February 8th. Finally, Bryan, Garnier & Co upgraded Burberry Group from a sell rating to a neutral rating in a research note on Monday, May 20th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Burberry Group presently has a consensus rating of Hold and a consensus target price of $27.00.
OTCMKTS BURBY opened at $23.39 on Tuesday. Burberry Group has a fifty-two week low of $20.65 and a fifty-two week high of $30.19. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 2.49 and a beta of 0.83.
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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