BNP Paribas restated their neutral rating on shares of Burberry Group plc (LON:BRBY) in a research note released on Thursday morning. The brokerage currently has a GBX 1,650 ($21.55) target price on the stock.
A number of other brokerages also recently weighed in on BRBY. Bryan, Garnier & Co reiterated a sell rating and issued a GBX 1,350 ($17.63) target price on shares of Burberry Group plc in a report on Thursday, April 13th. Deutsche Bank AG boosted their price objective on Burberry Group plc from GBX 1,525 ($19.91) to GBX 1,650 ($21.55) and gave the company a hold rating in a report on Wednesday, April 12th. Liberum Capital restated a sell rating and set a GBX 1,350 ($17.63) price objective on shares of Burberry Group plc in a report on Thursday, May 25th. J P Morgan Chase & Co restated a neutral rating and set a GBX 1,600 ($20.89) price objective on shares of Burberry Group plc in a report on Friday, June 30th. Finally, AlphaValue restated a reduce rating and set a GBX 1,723 ($22.50) price objective on shares of Burberry Group plc in a report on Wednesday, April 19th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. Burberry Group plc presently has a consensus rating of Hold and a consensus target price of GBX 1,647.35 ($21.51).
Burberry Group plc (LON:BRBY) opened at 1643.00 on Thursday. 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 50-day moving average price is GBX 1,698.87 and its 200-day moving average price is GBX 1,681.59. The firm’s market cap is GBX 7.15 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, August 4th. Shareholders of record on Thursday, July 6th will be given a GBX 28.40 ($0.37) dividend. The ex-dividend date is Thursday, July 6th. This represents a yield of 1.65%. This is a boost from Burberry Group plc’s previous dividend of $10.50.
In other Burberry Group plc news, insider Julie Brown acquired 9,621 shares of the business’s stock in a transaction on Friday, May 19th. The shares were acquired 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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