Burberry Group plc (BRBY) Stock Rating Reaffirmed by Beaufort Securities
Burberry Group plc (LON:BRBY)‘s stock had its “buy” rating reiterated by investment analysts at Beaufort Securities in a research report issued on Thursday. They presently have a GBX 1,920 ($24.87) target price on the stock. Beaufort Securities’ target price would indicate a potential upside of 16.22% from the stock’s previous close.
A number of other research firms have also recently commented on BRBY. Bryan, Garnier & Co reissued a “sell” rating and set a GBX 1,350 ($17.49) target price on shares of Burberry Group plc in a research note on Thursday, April 13th. BNP Paribas reissued a “neutral” rating and set a GBX 1,590 ($20.60) target price on shares of Burberry Group plc in a research note on Friday, March 17th. Deutsche Bank AG boosted their target price on shares of Burberry Group plc from GBX 1,525 ($19.75) to GBX 1,650 ($21.37) and gave the stock a “hold” rating in a research note on Wednesday, April 12th. Liberum Capital reissued a “sell” rating and set a GBX 1,350 ($17.49) target price on shares of Burberry Group plc in a research note on Thursday, May 25th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 1,600 ($20.73) target price on shares of Burberry Group plc in a research note on Friday, June 30th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Burberry Group plc has an average rating of “Hold” and a consensus price target of GBX 1,647.35 ($21.34).
Burberry Group plc (BRBY) opened at 1647.00 on Thursday. 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’s 50 day moving average is GBX 1,734.41 and its 200 day moving average is GBX 1,664.21. The company’s market cap is GBX 7.16 billion.
The company also recently announced a dividend, which will be paid on Friday, August 4th. Shareholders of record on Thursday, July 6th will be issued a GBX 28.40 ($0.37) dividend. This represents a yield of 1.65%. This is a positive change from Burberry Group plc’s previous dividend of $10.50. The ex-dividend date of this dividend is Thursday, July 6th.
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In related news, insider Julie Brown acquired 9,621 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were purchased at an average cost of GBX 1,725 ($22.34) per share, for a total transaction of £165,962.25 ($214,977.01).
Burberry Group plc Company Profile
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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