Burberry Group plc (LON:BRBY)‘s stock had its “overweight” rating restated by equities research analysts at Barclays PLC in a report issued on Thursday, Marketbeat reports. They currently have a GBX 1,900 ($24.17) price target on the stock. Barclays PLC’s target price indicates a potential upside of 14.39% from the stock’s current price.

Several other analysts also recently issued reports on BRBY. Macquarie restated a “neutral” rating and issued a GBX 1,400 ($17.81) price target on shares of Burberry Group plc in a research note on Wednesday, March 1st. Liberum Capital restated a “sell” rating and issued a GBX 1,075 ($13.67) price target on shares of Burberry Group plc in a research note on Friday, March 10th. BNP Paribas restated a “neutral” rating and issued a GBX 1,590 ($20.22) price target on shares of Burberry Group plc in a research note on Friday, March 17th. HSBC Holdings plc restated a “hold” rating and issued a GBX 1,630 ($20.73) price target on shares of Burberry Group plc in a research note on Tuesday, March 28th. Finally, Deutsche Bank AG boosted their price target on Burberry Group plc from GBX 1,525 ($19.40) to GBX 1,650 ($20.99) and gave the company a “hold” rating in a research note on Wednesday, April 12th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 1,623.26 ($20.65).

Shares of Burberry Group plc (LON:BRBY) traded up 0.48% on Thursday, reaching GBX 1661.00. The company had a trading volume of 1,427,103 shares. The company’s 50-day moving average price is GBX 1,734.41 and its 200-day moving average price is GBX 1,664.21. Burberry Group plc has a 52-week low of GBX 1,079.01 and a 52-week high of GBX 1,879.00. The firm’s market capitalization is GBX 7.22 billion.

The firm also recently declared a dividend, which will be paid on Friday, August 4th. Stockholders of record on Thursday, July 6th will be issued a dividend of GBX 28.40 ($0.36) per share. The ex-dividend date of this dividend is Thursday, July 6th. This represents a dividend yield of 1.65%. This is a boost from Burberry Group plc’s previous dividend of $10.50.

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In other Burberry Group plc news, insider Julie Brown purchased 9,621 shares of the stock in a transaction dated Friday, May 19th. The stock was bought at an average price of GBX 1,725 ($21.94) per share, with a total value of £165,962.25 ($211,094.19).

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.

Analyst Recommendations for Burberry Group plc (LON:BRBY)

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