Burberry Group plc PT Lowered to GBX 1,520 (BRBY)
Stock analysts at Societe Generale dropped their price objective on shares of Burberry Group plc (LON:BRBY) from GBX 1,560 ($26.57) to GBX 1,520 ($25.89) in a report issued on Friday. The firm currently has a “hold” rating on the stock. Societe Generale’s price objective would indicate a potential upside of 3.19% from the company’s current price.
Shares of Burberry Group plc (LON:BRBY) opened at 1469.00 on Friday. Burberry Group plc has a one year low of GBX 1348.00 and a one year high of GBX 1687.0001. The stock’s 50-day moving average is GBX 1491.18 and its 200-day moving average is GBX 1474.. The company’s market cap is £6.441 billion.
The company also recently announced a dividend, which is scheduled for Thursday, July 31st. Stockholders of record on Wednesday, July 2nd will be paid a dividend of GBX 23.20 ($0.40) per share. This represents a dividend yield of 1.53%. The ex-dividend date is Wednesday, July 2nd.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “neutral” rating on shares of Burberry Group plc in a research note on Wednesday. They now have a GBX 1,620 ($27.59) 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 Wednesday. They now have a GBX 1,560 ($26.57) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Burberry Group plc in a research note on Tuesday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,612.17 ($27.46).
Burberry Group plc (LON:BRBY) is a holding company.
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