Burberry Group (LON:BRBY) Downgraded to Sell at Goldman Sachs Group
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).
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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