Burberry Group plc (LON:BRBY) Given Average Recommendation of “Reduce” by Analysts

Burberry Group plc (LON:BRBYGet Free Report) has been assigned a consensus recommendation of “Reduce” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and five have assigned a hold 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 1,732.33 ($21.98).

Separately, Royal Bank of Canada decreased their target price on shares of Burberry Group from GBX 1,500 ($19.03) to GBX 1,200 ($15.22) and set a “sector perform” rating for the company in a report on Thursday, April 4th.

Read Our Latest Stock Report on BRBY

Burberry Group Stock Performance

Shares of BRBY opened at GBX 1,024 ($12.99) on Tuesday. Burberry Group has a one year low of GBX 958.40 ($12.16) and a one year high of GBX 2,275 ($28.86). The company has a 50-day moving average of GBX 1,083.58 and a two-hundred day moving average of GBX 1,227.54. The stock has a market cap of £3.67 billion, a price-to-earnings ratio of 1,375.68, a PEG ratio of 1.85 and a beta of 1.13. The company has a debt-to-equity ratio of 135.70, a current ratio of 1.66 and a quick ratio of 1.63.

Burberry Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 27th will be issued a dividend of GBX 42.70 ($0.54) per share. This is a boost from Burberry Group’s previous dividend of $18.30. This represents a dividend yield of 3.59%. The ex-dividend date of this dividend is Thursday, June 27th. Burberry Group’s dividend payout ratio (DPR) is currently 8,243.24%.

Insider Buying and Selling

In other Burberry Group news, insider Jonathan Akeroyd sold 12,911 shares of Burberry Group stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of GBX 974 ($12.36), for a total value of £125,753.14 ($159,524.47). 0.19% of the stock is currently owned by corporate insiders.

Burberry Group Company Profile

(Get Free Report

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.

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Analyst Recommendations for Burberry Group (LON:BRBY)

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