Burberry Group PLC (BURBY) Cut to “Neutral” at UBS AG

UBS AG downgraded shares of Burberry Group PLC (OTCMKTS:BURBY) from a buy rating to a neutral rating in a research report sent to investors on Friday, The Fly reports.

Several other research firms have also commented on BURBY. Credit Suisse Group upgraded shares of Burberry Group PLC from a neutral rating to an outperform rating in a research report on Friday, September 8th. ValuEngine lowered shares of Burberry Group PLC from a buy rating to a hold rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $26.00.

Shares of Burberry Group PLC (OTCMKTS BURBY) opened at $23.65 on Friday. Burberry Group PLC has a 52-week low of $17.22 and a 52-week high of $26.76.

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Burberry Group PLC Company Profile

Burberry Group plc, together with its subsidiaries, designs, develops, manufactures, and sells luxury goods under the Burberry brand for men, women, and children. The company operates in two segments, Retail/Wholesale and Licensing. It offers product in the categories of apparel; accessories, such as women's handbags and small leather goods; and beauty, as well as eyewear and watches.

The Fly

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