Burberry Group plc (LON:BRBY) Given Consensus Recommendation of “Hold” by Brokerages
Burberry Group plc (LON:BRBY) has been given an average rating of “Hold” by the twenty ratings firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,669.28 ($21.80).
Several research firms recently issued reports on BRBY. Credit Suisse Group reissued a “neutral” rating on shares of Burberry Group plc in a report on Friday. BNP Paribas reissued a “neutral” rating and set a GBX 1,650 ($21.55) price target on shares of Burberry Group plc in a report on Thursday. J P Morgan Chase & Co increased their price target on shares of Burberry Group plc from GBX 1,600 ($20.89) to GBX 1,620 ($21.15) and gave the stock a “neutral” rating in a report on Thursday, July 13th. Deutsche Bank AG reissued a “hold” rating and set a GBX 1,650 ($21.55) price target on shares of Burberry Group plc in a report on Thursday, July 13th. Finally, Beaufort Securities reissued a “buy” rating and set a GBX 1,920 ($25.07) price target on shares of Burberry Group plc in a report on Thursday, July 13th.
In other Burberry Group plc news, insider Julie Brown purchased 9,621 shares of the stock in a transaction dated Friday, May 19th. The shares were acquired at an average cost of GBX 1,725 ($22.53) per share, for a total transaction of £165,962.25 ($216,717.48).
WARNING: “Burberry Group plc (LON:BRBY) Given Consensus Recommendation of “Hold” by Brokerages” was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/07/21/burberry-group-plc-lonbrby-given-consensus-recommendation-of-hold-by-brokerages.html.
Burberry Group plc (LON:BRBY) traded down 0.73% during midday trading on Friday, hitting GBX 1643.00. The stock had a trading volume of 1,025,009 shares. Burberry Group plc has a 12 month low of GBX 1,228.00 and a 12 month high of GBX 1,879.00. The stock’s market cap is GBX 7.15 billion. The stock has a 50 day moving average of GBX 1,698.87 and a 200 day moving average of GBX 1,681.59.
The firm also recently declared a dividend, which will be paid on Friday, August 4th. Stockholders of record on Thursday, July 6th will be given a GBX 28.40 ($0.37) dividend. The ex-dividend date is Thursday, July 6th. This is a positive change from Burberry Group plc’s previous dividend of $10.50. This represents a dividend yield of 1.65%.
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.
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.