Brokerages Set Burberry Group plc (OTCMKTS:BURBY) Target Price at $22.76

Burberry Group plc (OTCMKTS:BURBY) has been assigned a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $22.76.

Several equities analysts recently weighed in on BURBY shares. Sanford C. Bernstein lowered Burberry Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, August 6th. Zacks Investment Research lowered Burberry Group from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Jefferies Financial Group lowered Burberry Group from a “hold” rating to an “underperform” rating in a research note on Wednesday, July 17th. Goldman Sachs Group upgraded Burberry Group from a “sell” rating to a “neutral” rating and set a $22.76 price objective for the company in a research note on Thursday, June 27th. Finally, Credit Suisse Group upgraded Burberry Group from a “neutral” rating to an “outperform” rating in a research note on Friday, September 20th.

Shares of Burberry Group stock traded down $0.23 on Friday, hitting $25.02. The company’s stock had a trading volume of 22,489 shares, compared to its average volume of 49,071. Burberry Group has a 1 year low of $20.65 and a 1 year high of $29.43. The firm has a fifty day moving average price of $26.63 and a 200-day moving average price of $25.65. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of 23.38 and a beta of 1.07.

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.

See Also: Leveraged Buyout (LBO)

Analyst Recommendations for Burberry Group (OTCMKTS:BURBY)

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