Burberry Group (BURBY) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Burberry Group (OTCMKTS:BURBY) from a buy rating to a hold rating in a research report report published on Tuesday.

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 analysts have also recently commented on the company. HSBC raised Burberry Group from a reduce rating to a hold rating in a report on Friday, October 26th. Credit Suisse Group reaffirmed a neutral rating on shares of Burberry Group in a report on Friday, September 21st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Burberry Group currently has a consensus rating of Hold and an average price target of $27.00.

Shares of Burberry Group stock opened at $22.78 on Tuesday. Burberry Group has a one year low of $20.43 and a one year high of $30.19. The firm has a market capitalization of $9.55 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.95 and a beta of 0.83.

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, February 8th. Shareholders of record on Friday, December 21st will be paid a $0.132 dividend. The ex-dividend date is Thursday, December 20th. Burberry Group’s payout ratio is presently 23.42%.

About Burberry Group

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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