Burberry Group plc’s Neutral Rating Reaffirmed at BNP Paribas (BRBY)
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating restated by stock analysts at BNP Paribas in a report issued on Wednesday. They currently have a GBX 1,560 ($26.57) target price on the stock. BNP Paribas’ target price indicates a potential upside of 6.85% from the stock’s previous close.
Burberry Group plc (LON:BRBY) traded up 0.29% during mid-day trading on Wednesday, hitting GBX 1460.00. The stock had a trading volume of 994,206 shares. Burberry Group plc has a one year low of GBX 1348.00 and a one year high of GBX 1687.0001. The stock has a 50-day moving average of GBX 1492. and a 200-day moving average of GBX 1474.. The company’s market cap is £6.401 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.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Burberry Group plc in a research note on Tuesday. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,614.39 ($27.50).
Burberry Group plc (LON:BRBY) is a holding company.
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