Burberry Group (OTCMKTS:BURBY) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Burberry Group (OTCMKTS:BURBY) from a hold rating to a sell rating in a report published on Tuesday morning, Zacks.com reports.

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. “

A number of other equities research analysts have also recently issued reports on BURBY. UBS Group reaffirmed a neutral rating on shares of Burberry Group in a research note on Monday, November 15th. Societe Generale raised shares of Burberry Group from a hold rating to a buy rating in a research note on Wednesday, September 22nd. Morgan Stanley reaffirmed an equal weight rating on shares of Burberry Group in a research note on Thursday, September 16th. Royal Bank of Canada reaffirmed a sector perform rating on shares of Burberry Group in a research note on Friday, November 12th. Finally, Barclays initiated coverage on shares of Burberry Group in a research note on Tuesday, September 21st. They issued an equal weight rating for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $28.58.

BURBY stock opened at $23.63 on Tuesday. Burberry Group has a one year low of $22.50 and a one year high of $32.17. The firm has a 50 day simple moving average of $24.54 and a two-hundred day simple moving average of $26.03.

The company also recently declared a dividend, which will be paid on Friday, February 4th. Investors of record on Friday, December 17th will be issued a dividend of $0.1458 per share. The ex-dividend date is Thursday, December 16th. This represents a yield of 3.02%.

About Burberry Group

Burberry Group Plc operates as a holding company, manufactures, designs and distributes apparels and accessories under the Burberry brand. It operates through the following segments: Retail and Wholesale, and Licensing. The Retail and Wholesale segment sells luxury goods through Burberry mainline stores, concessions, outlets, and digital commerce, as well as Burberry franchisees and department stores.

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Analyst Recommendations for Burberry Group (OTCMKTS:BURBY)

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