Burberry Group plc (BRBY) Given Consensus Rating of “Hold” by Brokerages
Shares of Burberry Group plc (LON:BRBY) have been given an average recommendation of “Hold” by the twenty analysts that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,681.50 ($21.83).
BRBY has been the topic of a number of research analyst reports. Societe Generale lifted their target price on Burberry Group plc from GBX 1,615 ($20.97) to GBX 1,760 ($22.85) and gave the company a “hold” rating in a report on Tuesday, April 18th. Liberum Capital reiterated a “sell” rating and issued a GBX 1,350 ($17.53) target price on shares of Burberry Group plc in a report on Wednesday, April 19th. AlphaValue reiterated a “reduce” rating and issued a GBX 1,723 ($22.37) target price on shares of Burberry Group plc in a report on Wednesday, April 19th. Deutsche Bank AG reduced their target price on Burberry Group plc from GBX 1,650 ($21.42) to GBX 1,600 ($20.77) and set a “hold” rating on the stock in a report on Thursday, April 20th. Finally, Barclays PLC reiterated an “overweight” rating and issued a GBX 1,900 ($24.67) target price on shares of Burberry Group plc in a report on Thursday, April 20th.
In related news, insider Julie Brown bought 9,621 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was bought at an average cost of GBX 1,725 ($22.39) per share, for a total transaction of £165,962.25 ($215,451.45). Also, insider Christopher Bailey sold 174,050 shares of Burberry Group plc stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of GBX 1,797 ($23.33), for a total value of £3,127,678.50 ($4,060,338.18).
Burberry Group plc (LON BRBY) traded down 0.06% during midday trading on Tuesday, hitting GBX 1746.00. The company had a trading volume of 1,023,931 shares. The stock has a 50 day moving average of GBX 1,694.65 and a 200 day moving average of GBX 1,702.53. Burberry Group plc has a 52-week low of GBX 1,228.00 and a 52-week high of GBX 1,879.00. The firm’s market cap is GBX 7.59 billion.
The company also recently disclosed a dividend, which was paid on Friday, August 4th. Investors of record on Thursday, July 6th were issued a GBX 28.40 ($0.37) dividend. This is a positive change from Burberry Group plc’s previous dividend of $10.50. This represents a yield of 1.65%. The ex-dividend date of this dividend was Thursday, July 6th.
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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.
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