Burberry Group plc Receives “Market Perform” Rating from Sanford C. Bernstein (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “market perform” rating reaffirmed by investment analysts at Sanford C. Bernstein in a note issued to investors on Monday. They currently have a GBX 1,600 ($26.90) price target on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 8.18% from the company’s current price.
BRBY has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Burberry Group plc in a research note on Monday. They now have a GBX 1,620 ($27.24) price target on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Burberry Group plc in a research note on Thursday. They now have a GBX 1,560 ($26.23) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Burberry Group plc in a research note on Tuesday, June 3rd. They now have a GBX 1,560 ($26.23) price target on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 1,603.37 ($26.96).
Shares of Burberry Group plc (LON:BRBY) opened at 1484.00 on Monday. Burberry Group plc has a 52-week low of GBX 1267.00 and a 52-week high of GBX 1687.0001. The stock has a 50-day moving average of GBX 1498. and a 200-day moving average of GBX 1478.. The company’s market cap is £6.506 billion.
The company also recently announced a dividend, which is scheduled for Thursday, July 31st. Stockholders of record on Wednesday, July 2nd will be paid a dividend of GBX 23.20 ($0.39) per share. This represents a dividend yield of 1.53%. The ex-dividend date is Wednesday, July 2nd.
Burberry Group plc (LON:BRBY) is a holding company.
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