Burberry Group plc Stock Rating Reaffirmed by Sanford C. Bernstein (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “market perform” rating reiterated by equities researchers at Sanford C. Bernstein in a research report issued on Friday. They currently have a GBX 1,600 ($27.16) price objective on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 10.27% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Burberry Group plc in a research note on Tuesday. They now have a GBX 1,620 ($27.50) price target on the stock. Separately, 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. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Burberry Group plc currently has an average rating of “Hold” and an average price target of GBX 1,603.37 ($27.22).
Burberry Group plc (LON:BRBY) opened at 1453.00 on Friday. Burberry Group plc has a 52 week low of GBX 1267.00 and a 52 week high of GBX 1687.0001. The stock’s 50-day moving average is GBX 1501. and its 200-day moving average is GBX 1475.. The company’s market cap is £6.371 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 is Wednesday, July 2nd.
Burberry Group plc (LON:BRBY) is a holding company.
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