Burberry Group PLC (BURBY) Downgraded to “Hold” at ValuEngine

ValuEngine lowered shares of Burberry Group PLC (OTCMKTS:BURBY) from a buy rating to a hold rating in a research note released on Tuesday, August 1st.

A number of other brokerages have also weighed in on BURBY. Maxim Group restated a buy rating and issued a $24.00 price objective on shares of Burberry Group PLC in a report on Wednesday, April 12th. Royal Bank Of Canada lowered shares of Burberry Group PLC from a sector perform rating to an underperform rating in a report on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Burberry Group PLC presently has a consensus rating of Hold and an average price target of $23.50.

Burberry Group PLC (OTCMKTS:BURBY) traded down 0.26% during trading on Tuesday, hitting $22.87. 2,756 shares of the stock traded hands. Burberry Group PLC has a 12 month low of $16.37 and a 12 month high of $23.99. The company has a 50-day moving average price of $22.49 and a 200-day moving average price of $22.00.

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The company also recently declared a None dividend, which was paid on Friday, August 11th. Investors of record on Friday, July 7th were issued a dividend of $0.351 per share. The ex-dividend date of this dividend was Wednesday, July 5th.

Burberry Group PLC Company Profile

Burberry Group plc, together with its subsidiaries, designs, develops, manufactures, and sells luxury goods under the Burberry brand for men, women, and children. The company operates in two segments, Retail/Wholesale and Licensing. It offers product in the categories of apparel; accessories, such as women's handbags and small leather goods; and beauty, as well as eyewear and watches.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Burberry Group PLC (OTCMKTS:BURBY)

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