Burberry Group plc (BRBY) Earns “Neutral” Rating from BNP Paribas
Burberry Group plc (LON:BRBY)‘s stock had its “neutral” rating reiterated by research analysts at BNP Paribas in a research note issued on Friday. They presently have a GBX 1,650 ($20.87) price objective on the stock. BNP Paribas’ target price indicates a potential downside of 4.01% from the company’s current price.
A number of other brokerages have also recently weighed in on BRBY. HSBC Holdings plc cut shares of Burberry Group plc to a “reduce” rating and reduced their price objective for the stock from GBX 1,630 ($20.62) to GBX 1,580 ($19.99) in a research note on Tuesday, June 6th. Barclays PLC restated an “overweight” rating and issued a GBX 1,900 ($24.04) price objective on shares of Burberry Group plc in a research note on Monday, March 20th. Liberum Capital boosted their price objective on shares of Burberry Group plc from GBX 1,200 ($15.18) to GBX 1,350 ($17.08) and gave the stock a “sell” rating in a research note on Thursday, March 16th. Deutsche Bank AG boosted their target price on shares of Burberry Group plc from GBX 1,525 ($19.29) to GBX 1,650 ($20.87) and gave the stock a “hold” rating in a research report on Wednesday, April 12th. Finally, Bryan, Garnier & Co reaffirmed a “sell” rating and set a GBX 1,350 ($17.08) target price on shares of Burberry Group plc in a research report on Thursday, April 13th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,607.89 ($20.34).
Burberry Group plc (BRBY) traded up 1.90% during midday trading on Friday, reaching GBX 1719.00. 4,871,194 shares of the company were exchanged. The firm’s 50-day moving average is GBX 1,702.97 and its 200-day moving average is GBX 1,643.53. The firm’s market cap is GBX 7.48 billion. Burberry Group plc has a one year low of GBX 1,053.00 and a one year high of GBX 1,879.00.
The firm also recently declared a dividend, which will be paid on Friday, August 4th. Shareholders of record on Thursday, July 6th will be issued a GBX 28.40 ($0.36) dividend. This represents a yield of 1.65%. The ex-dividend date of this dividend is Thursday, July 6th. This is a positive change from Burberry Group plc’s previous dividend of $10.50.
In other Burberry Group plc news, insider Julie Brown purchased 9,621 shares of the stock in a transaction on Friday, May 19th. The shares were purchased at an average price of GBX 1,725 ($21.82) per share, with a total value of £165,962.25 ($209,945.92).
Burberry Group plc Company Profile
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.
Receive News & Ratings for Burberry Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burberry Group plc and related companies with MarketBeat.com's FREE daily email newsletter.