Burberry Group plc (OTCMKTS:BURBY) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $23.78 and traded as low as $22.28. Burberry Group shares last traded at $22.53, with a volume of 258,184 shares.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Burberry Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 22nd. Sanford C. Bernstein upgraded shares of Burberry Group from an “underperform” rating to a “market perform” rating in a research report on Tuesday, May 21st. Bryan, Garnier & Co upgraded shares of Burberry Group from a “sell” rating to a “neutral” rating in a research report on Monday, May 20th. Bank of America lowered shares of Burberry Group from a “neutral” rating to an “underperform” rating in a research report on Wednesday, April 3rd. Finally, Goldman Sachs Group lowered shares of Burberry Group from a “neutral” rating to a “sell” rating in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $27.00.
The stock has a market capitalization of $9.05 billion, a PE ratio of 21.11, a P/E/G ratio of 2.31 and a beta of 0.97.
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.
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