Burberry Group plc (BRBY) Given Average Recommendation of “Hold” by Analysts
Burberry Group plc (LON:BRBY) has earned a consensus rating of “Hold” from the twenty-one analysts that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 1,732.16 ($22.78).
Several research analysts recently issued reports on BRBY shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,900 ($24.99) price target on shares of Burberry Group plc in a research note on Thursday, October 12th. Beaufort Securities increased their price target on shares of Burberry Group plc from GBX 1,920 ($25.25) to GBX 1,980 ($26.04) and gave the stock a “buy” rating in a research note on Friday, November 10th. Morgan Stanley increased their price target on shares of Burberry Group plc from GBX 1,495 ($19.66) to GBX 1,748 ($22.99) and gave the stock an “equal weight” rating in a research note on Tuesday, September 19th. Deutsche Bank AG increased their price target on shares of Burberry Group plc from GBX 1,650 ($21.70) to GBX 1,775 ($23.35) and gave the stock a “hold” rating in a research note on Wednesday, September 27th. Finally, Societe Generale increased their price target on shares of Burberry Group plc from GBX 1,715 ($22.56) to GBX 1,890 ($24.86) and gave the stock a “hold” rating in a research note on Monday, September 4th.
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Shares of Burberry Group plc (LON BRBY) traded up GBX 12 ($0.16) during midday trading on Thursday, reaching GBX 1,748 ($22.99). 944,105 shares of the company’s stock traded hands, compared to its average volume of 2,500,000. Burberry Group plc has a 1-year low of GBX 1,381 ($18.16) and a 1-year high of GBX 2,024 ($26.62).
The firm also recently disclosed a dividend, which will be paid on Friday, February 2nd. Investors of record on Thursday, December 21st will be issued a GBX 11 ($0.14) dividend. This represents a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, December 21st.
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.
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