Burberry Group plc (BRBY) Insider Sells £3,127,678.50 in Stock
Burberry Group plc (LON:BRBY) insider Christopher Bailey sold 174,050 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of GBX 1,797 ($23.40), for a total value of £3,127,678.50 ($4,073,028.39).
Burberry Group plc (LON:BRBY) traded down 1.49% during trading on Tuesday, hitting GBX 1782.00. The stock had a trading volume of 760,417 shares. Burberry Group plc has a 52 week low of GBX 1,228.00 and a 52 week high of GBX 1,879.00. The company has a 50-day moving average of GBX 1,692.62 and a 200-day moving average of GBX 1,698.34. The stock’s market capitalization is GBX 7.75 billion.
The firm also recently disclosed a dividend, which was paid on Friday, August 4th. Investors of record on Thursday, July 6th were paid a dividend of GBX 28.40 ($0.37) per share. This is a positive change from Burberry Group plc’s previous dividend of $10.50. The ex-dividend date was Thursday, July 6th. This represents a yield of 1.65%.
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Several research firms recently issued reports on BRBY. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 1,700 ($22.14) price target on shares of Burberry Group plc in a research note on Monday, July 24th. Credit Suisse Group restated a “neutral” rating on shares of Burberry Group plc in a research note on Friday, July 21st. BNP Paribas restated a “neutral” rating and issued a GBX 1,650 ($21.49) price target on shares of Burberry Group plc in a research note on Thursday, July 20th. J P Morgan Chase & Co boosted their price target on Burberry Group plc from GBX 1,600 ($20.84) to GBX 1,620 ($21.10) and gave the company a “neutral” rating in a research note on Thursday, July 13th. Finally, Deutsche Bank AG restated a “hold” rating and issued a GBX 1,650 ($21.49) price target on shares of Burberry Group plc in a research note on Thursday, July 13th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,658.35 ($21.60).
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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