Burberry Group (OTCMKTS:BURBY) Lowered to “Hold” at Zacks Investment Research
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. “
A number of other equities analysts also recently commented on the company. Sanford C. Bernstein downgraded Burberry Group from a market perform rating to an underperform rating in a research note on Tuesday, August 6th. Jefferies Financial Group downgraded Burberry Group from a hold rating to an underperform rating in a research report on Wednesday, July 17th. Bryan, Garnier & Co upgraded Burberry Group from a sell rating to a neutral rating in a research report on Monday, May 20th. ValuEngine cut Burberry Group from a hold rating to a sell rating in a report on Friday, August 16th. Finally, Goldman Sachs Group raised Burberry Group from a sell rating to a neutral rating and set a $22.76 target price on the stock in a report on Thursday, June 27th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Burberry Group has an average rating of Hold and a consensus price target of $27.88.
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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