Burberry Group (OTCMKTS:BURBY) receives new price target of 2,050 GBX at Barclays

Burberry Group (OTCMKTS: BURBY – Get a rating) saw its target price drop from Barclays from 2,080 GBX ($25.13) to 2,050 GBX ($24.77) in a report on Thursday, Fly reports.

Several other research analysts have also weighed in on the company recently. BNP Paribas downgraded the Burberry Group from an “outperform” rating to a “neutral” rating in a Tuesday July 5 research note. Societe Generale lowered its price target on Burberry Group from 2,300 GBX ($27.79) to 2,142 GBX ($25.88) in a Friday July 1 research note. Cheuvreux downgraded Burberry Group from a “buy” rating to a “hold” rating and set a target price of 1,650 GBX ($19.94) for the stock. in a research note from Tuesday, June 14. Exane BNP Paribas upgraded the Burberry Group from an “outperforming” rating to a “neutral” rating in a research report on Tuesday July 5. Finally, UBS Group lowered its price target on Burberry Group from 1,848 GBX ($22.33) to 1,736 GBX ($20.98) in a Monday, July 18 research report. Five analysts gave the stock a hold rating and two gave the company a buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1,923.50.

Burberry Group shares fall 1.0%

BURBY stock traded down $0.19 on Thursday, hitting $19.39. 22,845 shares of the company were traded, against an average volume of 34,940. Burberry Group has a 12-month low of $18.18 and a 12-month high of $28.08. The company has a 50-day moving average price of $20.62 and a two-hundred-day moving average price of $20.55. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt ratio of 0.18.

Burberry Group Company Profile

(Get a 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 clothing for women, men, children, beauty, eyewear, footwear and accessories, as well as leather goods, such as bags.

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Analyst Recommendations for Burberry Group (OTCMKTS: BURBY)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

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