Burberry Group plc (BRBY) Given New GBX 1,720 Price Target at J P Morgan Chase & Co
Burberry Group plc (LON:BRBY) had its price objective decreased by J P Morgan Chase & Co from GBX 1,800 ($23.67) to GBX 1,720 ($22.62) in a research note issued to investors on Friday. J P Morgan Chase & Co currently has a neutral rating on the stock.
Several other brokerages also recently issued reports on BRBY. Kepler Capital Markets reiterated a hold rating and issued a GBX 1,820 ($23.94) price objective on shares of Burberry Group plc in a research report on Wednesday, November 1st. Deutsche Bank AG lifted their price objective on Burberry Group plc from GBX 1,775 ($23.35) to GBX 1,800 ($23.67) and gave the company a hold rating in a research report on Thursday, October 12th. Berenberg Bank reiterated a buy rating and issued a GBX 1,900 ($24.99) price objective on shares of Burberry Group plc in a research report on Thursday, October 12th. BNP Paribas reiterated a neutral rating and issued a GBX 1,650 ($21.70) price objective on shares of Burberry Group plc in a research report on Tuesday, August 8th. Finally, Societe Generale lifted their price objective on Burberry Group plc from GBX 1,715 ($22.56) to GBX 1,890 ($24.86) and gave the company a hold rating in a research report on Monday, September 4th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. Burberry Group plc presently has a consensus rating of Hold and an average price target of GBX 1,715.29 ($22.56).
Shares of Burberry Group plc (LON:BRBY) traded down GBX 41 ($0.54) on Friday, reaching GBX 1,746 ($22.96). The company’s stock had a trading volume of 8,777,814 shares, compared to its average volume of 2,100,000. Burberry Group plc has a 52-week low of GBX 1,367 ($17.98) and a 52-week high of GBX 2,024 ($26.62).
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The business also recently disclosed a dividend, which will be paid on Friday, February 2nd. Investors of record on Thursday, December 21st will be paid a dividend of GBX 11 ($0.14) per share. The ex-dividend date is Thursday, December 21st. This represents a dividend yield of 0.63%.
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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