Burberry Group plc’s “Market Perform” Rating Reaffirmed at Sanford C. Bernstein (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “market perform” rating reiterated by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Monday. They currently have a GBX 1,600 ($27.25) price target on the stock. Sanford C. Bernstein’s price target suggests a potential upside of 7.90% from the company’s current price.
Burberry Group plc (LON:BRBY) traded up 0.60% on Monday, hitting GBX 1482.85. The stock had a trading volume of 905,473 shares. Burberry Group plc has a 52 week low of GBX 1320.00 and a 52 week high of GBX 1687.0001. The stock’s 50-day moving average is GBX 1494.81 and its 200-day moving average is GBX 1474.06. The company’s market cap is £6.501 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 ($0.40) per share. This represents a yield of 1.53%. The ex-dividend date is Wednesday, July 2nd.
BRBY has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of Burberry Group plc in a research note on Wednesday, June 25th. They now have a GBX 1,550 ($26.40) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Burberry Group plc in a research note on Wednesday, June 25th. They now have a GBX 1,620 ($27.59) price target on the stock. Finally, analysts at Aurel – BGC reiterated a “buy” rating on shares of Burberry Group plc in a research note on Tuesday, June 24th. They now have a GBX 1,700 ($28.96) price target on the stock. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,616.06 ($27.53).
Burberry Group plc (LON:BRBY) is a holding company.
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