Burberry Group plc (BRBY) Earns “Hold” Rating from Deutsche Bank AG
Deutsche Bank AG reissued their hold rating on shares of Burberry Group plc (LON:BRBY) in a research report sent to investors on Thursday, Marketbeat reports. The brokerage currently has a GBX 1,650 ($21.55) price target on the stock.
BRBY has been the subject of a number of other research reports. Bryan, Garnier & Co reissued a sell rating and set a GBX 1,350 ($17.63) price objective on shares of Burberry Group plc in a research report on Thursday, April 13th. BNP Paribas reissued a neutral rating and set a GBX 1,590 ($20.76) price objective on shares of Burberry Group plc in a research report on Friday, March 17th. Liberum Capital reissued a sell rating and set a GBX 1,350 ($17.63) price objective on shares of Burberry Group plc in a research report on Thursday, May 25th. J P Morgan Chase & Co reissued a neutral rating and set a GBX 1,600 ($20.89) price objective on shares of Burberry Group plc in a research report on Friday, June 30th. Finally, AlphaValue reissued a reduce rating and set a GBX 1,723 ($22.50) price objective on shares of Burberry Group plc in a research report on Wednesday, April 19th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 1,647.35 ($21.51).
Burberry Group plc (LON:BRBY) opened at 1653.00 on Thursday. The company’s market capitalization is GBX 7.19 billion. The stock has a 50 day moving average price of GBX 1,734.41 and a 200 day moving average price of GBX 1,664.21. Burberry Group plc has a 12-month low of GBX 1,220.00 and a 12-month high of GBX 1,879.00.
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. This represents a dividend yield of 1.65%. The ex-dividend date is Thursday, July 6th. This is a boost from Burberry Group plc’s previous dividend of $10.50.
In other news, insider Julie Brown bought 9,621 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average price of GBX 1,725 ($22.53) per share, with a total value of £165,962.25 ($216,717.48).
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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