Burberry Group plc (LON:BRBY)‘s stock had its “buy” rating restated by equities research analysts at Beaufort Securities in a research note issued to investors on Friday. They currently have a GBX 1,920 ($24.98) price target on the stock. Beaufort Securities’ price objective suggests a potential upside of 9.34% from the stock’s current price.

Several other brokerages have also recently issued reports on BRBY. BNP Paribas reiterated a “neutral” rating and issued a GBX 1,590 ($20.68) price objective on shares of Burberry Group plc in a research note on Friday, March 17th. Liberum Capital increased their price objective on Burberry Group plc from GBX 1,200 ($15.61) to GBX 1,350 ($17.56) and gave the company a “sell” rating in a research note on Thursday, March 16th. Barclays PLC reiterated an “overweight” rating and issued a GBX 1,900 ($24.72) price objective on shares of Burberry Group plc in a research note on Monday, March 20th. Deutsche Bank AG increased their price objective on Burberry Group plc from GBX 1,525 ($19.84) to GBX 1,650 ($21.46) and gave the company a “hold” rating in a research note on Wednesday, April 12th. Finally, Bryan, Garnier & Co reiterated a “sell” rating and issued a GBX 1,350 ($17.56) price objective on shares of Burberry Group plc in a research note on Thursday, April 13th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. Burberry Group plc has an average rating of “Hold” and an average price target of GBX 1,607.33 ($20.91).

Analyst Recommendations for Burberry Group plc (LON:BRBY)

Burberry Group plc (LON:BRBY) traded up 2.45% on Friday, hitting GBX 1756.00. The stock had a trading volume of 2,067,897 shares. Burberry Group plc has a 52-week low of GBX 1,039.00 and a 52-week high of GBX 1,838.00. The company’s market cap is GBX 7.64 billion. The firm’s 50-day moving average is GBX 1,666.94 and its 200-day moving average is GBX 1,601.67.

The firm also recently declared a dividend, which will be paid on Friday, August 4th. Shareholders of record on Thursday, July 6th will be paid a GBX 28.40 ($0.37) dividend. The ex-dividend date is Thursday, July 6th. This is a boost from Burberry Group plc’s previous dividend of $10.50. This represents a yield of 1.65%.

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In other Burberry Group plc news, insider Julie Brown purchased 9,621 shares of the business’s stock in a transaction on Friday, May 19th. The shares were bought at an average cost of GBX 1,725 ($22.44) per share, for a total transaction of £165,962.25 ($215,899.90).

About Burberry Group plc

Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company’s segments include retail/wholesale and licensing. The Retail/wholesale segment is engaged in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce, as well as Burberry franchisees, prestige department stores globally and multi-brand specialty accounts.

12 Month Chart for LON:BRBY

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