Burberry Group plc Given “Neutral” Rating at Credit Suisse (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Credit Suisse in a research note issued to investors on Tuesday. They currently have a GBX 1,620 ($27.50) price target on the stock. Credit Suisse’s price target would suggest a potential upside of 12.19% from the stock’s previous close.
Shares of Burberry Group plc (LON:BRBY) traded down 0.35% during mid-day trading on Tuesday, hitting GBX 1444.00. 865,424 shares of the company’s stock traded hands. Burberry Group plc has a one year low of GBX 1267.00 and a one year high of GBX 1687.0001. The stock has a 50-day moving average of GBX 1501. and a 200-day moving average of GBX 1476.. The company’s market cap is £6.331 billion.
The company also recently declared a dividend, which is scheduled for Thursday, July 31st. Investors of record on Wednesday, July 2nd will be given a dividend of GBX 23.20 ($0.39) per share. This represents a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, July 2nd.
A number of other firms have also recently commented on BRBY. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Burberry Group plc in a research note on Thursday, June 12th. They now have a GBX 1,560 ($26.48) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Burberry Group plc in a research note on Monday, June 9th. They now have a GBX 1,600 ($27.16) price target on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of Burberry Group plc in a research note on Thursday, June 5th. They now have a GBX 1,560 ($26.48) price target on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,603.37 ($27.22).
Burberry Group plc (LON:BRBY) is a holding company.
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