Burberry Group (BURBY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Burberry Group (OTCMKTS:BURBY) from a hold rating to a buy rating in a report published on Wednesday morning. They currently have $27.00 price objective on the stock.

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. “

BURBY has been the subject of several other research reports. HSBC upgraded shares of Burberry Group from a reduce rating to a hold rating in a report on Friday, October 26th. Goldman Sachs Group downgraded shares of Burberry Group from a conviction-buy rating to a neutral rating in a research report on Thursday, September 6th. Finally, Credit Suisse Group reaffirmed a neutral rating on shares of Burberry Group in a research report on Friday, September 21st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $27.00.

OTCMKTS:BURBY opened at $22.39 on Wednesday. Burberry Group has a one year low of $20.43 and a one year high of $30.19. The stock has a market capitalization of $9.47 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 1.94 and a beta of 0.92.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, February 8th. Stockholders of record on Friday, December 21st will be given a $0.132 dividend. The ex-dividend date of this dividend is Thursday, December 20th. Burberry Group’s payout ratio is currently 67.57%.

Burberry Group Company Profile

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.

Further Reading: What Factors Can Affect Return on Equity?

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