Burberry Group plc Given Neutral Rating at Nomura (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating restated by Nomura in a research note issued on Wednesday. They currently have a GBX 1,620 ($27.59) price target on the stock. Nomura’s price target would suggest a potential upside of 9.53% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Burberry Group plc in a research note on Wednesday. They now have a GBX 1,560 ($26.57) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Burberry Group plc in a research note on Tuesday. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Burberry Group plc in a research note on Monday. They now have a GBX 1,600 ($27.25) price target on the stock. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 1,614.39 ($27.50).
Shares of Burberry Group plc (LON:BRBY) opened at 1466.00 on Wednesday. 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 1493. and its 200-day moving average is GBX 1474.. The company’s market cap is £6.428 billion.
The company also recently declared a dividend, which is scheduled for Thursday, July 31st. Shareholders 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 of this dividend is Wednesday, July 2nd.
Burberry Group plc (LON:BRBY) is a holding company.
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