Burberry Group plc (OTCMKTS:BURBY) Given Average Recommendation of “Hold” by Brokerages

Shares of Burberry Group plc (OTCMKTS:BURBYGet Rating) have earned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $1,655.03.

Several analysts recently commented on BURBY shares. Kepler Capital Markets raised Burberry Group from a “hold” rating to a “buy” rating and boosted their price target for the company from GBX 2,100 ($25.89) to GBX 2,280 ($28.11) in a research note on Thursday, January 20th. Zacks Investment Research lowered Burberry Group from a “hold” rating to a “sell” rating in a research note on Thursday, April 7th. UBS Group reduced their price objective on Burberry Group from GBX 1,882 ($23.20) to GBX 1,836 ($22.63) in a research note on Monday, April 4th. Morgan Stanley reduced their price objective on Burberry Group from GBX 2,000 ($24.65) to GBX 1,850 ($22.81) in a research note on Tuesday, April 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Burberry Group from GBX 2,250 ($27.74) to GBX 2,280 ($28.11) in a research note on Wednesday, January 26th.

BURBY opened at $19.28 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.03 and a current ratio of 2.60. Burberry Group has a 1 year low of $18.18 and a 1 year high of $32.17. The stock’s 50 day simple moving average is $20.72 and its 200-day simple moving average is $23.45.

About Burberry Group (Get Rating)

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It offers women, men, and children apparels, as well as accessories. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks.

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Analyst Recommendations for Burberry Group (OTCMKTS:BURBY)

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