The firm now has a $27.00 target price on the stock.
Burberry, founded in 1856 by Thomas Burberry, is best known for its trench coats and for its check designs, although its products stretch beyond clothing to accessories, fragrances, sunglasses and cosmetics. Burberry Group plc is headquartered in London, the United Kingdom.
A number of other research firms have also weighed in on BURBY.
Separately, Societe Generale upgraded Burberry from a hold rating to a buy rating in a research report on Friday, March 2nd. Finally, Goldman Sachs raised Burberry from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company's stock. The company now has an average rating of "Buy" and an average target price of $26.50. The stock has a market capitalization of $10,214.28, a PE ratio of 24.27 and a beta of 0.89. Burberry has a fifty-two week low of $20.27 and a fifty-two week high of $26.76.
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