Goldman Sachs Group lowered shares of Burberry Group (LON:BRBY) to a sell rating in a research report report published on Friday morning, Digital Look reports. Goldman Sachs Group currently has GBX 1,490 ($19.60) price target on the stock, down from their prior price target of GBX 1,730 ($22.76).

A number of other research firms also recently weighed in on BRBY. HSBC upgraded shares of Burberry Group to a buy rating and decreased their price target for the stock from GBX 2,400 ($31.57) to GBX 1,900 ($24.99) in a research note on Thursday, May 7th. Morgan Stanley lifted their price target on shares of Burberry Group from GBX 1,550 ($20.39) to GBX 1,600 ($21.05) and gave the stock an equal weight rating in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of Burberry Group from GBX 1,500 ($19.73) to GBX 1,450 ($19.07) and set a neutral rating on the stock in a research note on Tuesday, May 26th. Bank of America upgraded shares of Burberry Group to a buy rating and decreased their price target for the stock from GBX 1,850 ($24.34) to GBX 1,800 ($23.68) in a research note on Monday, March 2nd. Finally, Deutsche Bank restated a hold rating on shares of Burberry Group in a research note on Tuesday, May 26th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Burberry Group presently has a consensus rating of Hold and a consensus target price of GBX 1,696.44 ($22.32).

Shares of LON BRBY traded up GBX 81 ($1.07) during mid-day trading on Friday, reaching GBX 1,721 ($22.64). The company had a trading volume of 2,461,337 shares, compared to its average volume of 2,130,000. The company has a market capitalization of $6.96 billion and a price-to-earnings ratio of 19.87. The stock has a fifty day moving average of GBX 1,411.09 and a two-hundred day moving average of GBX 1,762.60. The company has a debt-to-equity ratio of 88.99, a quick ratio of 1.06 and a current ratio of 1.69. Burberry Group has a 12-month low of GBX 1,017 ($13.38) and a 12-month high of GBX 2,362 ($31.07).

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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Analyst Recommendations for Burberry Group (LON:BRBY)

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