Trade Report: The Berenberg Bank Begins Coverage on Burberry Group PLC (BURBY)

The Berenberg Bank Begins Coverage on Burberry Group PLC (BURBY)

Berenberg Bank initiated coverage on shares of Burberry Group PLC (OTCMKTS:BURBY) in a research report sent to investors on Thursday morning. The firm issued a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Burberry Group PLC from a hold rating to a buy rating and set a $21.00 target price for the company in a research report on Monday, October 10th. Maxim Group cut their target price on shares of Burberry Group PLC from $21.00 to $19.00 and set a buy rating for the company in a research report on Wednesday, July 6th. Beaufort Securities reiterated a hold rating on shares of Burberry Group PLC in a research report on Tuesday, August 2nd. RBC Capital Markets upgraded shares of Burberry Group PLC from an underperform rating to a hold rating in a research report on Friday, September 30th. Finally, BNP Paribas reiterated a neutral rating on shares of Burberry Group PLC in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $20.00.

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