Burberry Group (LON:BRBY) Given “Sell” Rating at UBS Group
UBS Group reaffirmed their sell rating on shares of Burberry Group (LON:BRBY) in a report published on Friday morning, ThisIsMoney.Co.Uk reports.
Other research analysts also recently issued reports about the company. Bank of America raised Burberry Group to a buy rating and dropped their price target for the stock from GBX 1,850 ($24.34) to GBX 1,800 ($23.68) in a research report on Monday, March 2nd. Sanford C. Bernstein raised Burberry Group to a market perform rating in a research report on Thursday, March 12th. Main First Bank downgraded Burberry Group to a hold rating in a research report on Monday, January 27th. Bryan, Garnier & Co lifted their price target on Burberry Group from GBX 1,780 ($23.41) to GBX 1,860 ($24.47) and gave the stock a neutral rating in a research report on Friday, January 10th. Finally, Credit Suisse Group dropped their price target on Burberry Group from GBX 2,650 ($34.86) to GBX 2,600 ($34.20) and set an outperform rating on the stock in a research report on Monday, February 10th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Burberry Group has an average rating of Hold and an average price target of GBX 1,915 ($25.19).
LON BRBY traded up GBX 20.50 ($0.27) during trading on Friday, hitting GBX 1,159 ($15.25). The company’s stock had a trading volume of 4,127,108 shares, compared to its average volume of 2,130,000. The company has a quick ratio of 1.06, a current ratio of 1.69 and a debt-to-equity ratio of 88.99. The firm has a 50 day moving average price of GBX 1,735.72 and a 200 day moving average price of GBX 2,018.87. The firm has a market cap of $4.46 billion and a P/E ratio of 13.38. Burberry Group has a 52 week low of GBX 1,454 ($19.13) and a 52 week high of GBX 2,362 ($31.07).
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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